Italian Stocks Rally on Middle East Peace Signals

2026-04-01 15:58 By Isabela Couto 1 min. read

The FTSE MIB surged 3.2% to 45,715 on Wednesday, in line with global stocks as hopes of Middle East de-escalation grew.

Iran and the US exchange ceasefire offers, but both sides rejected the respective conditions for an end to the war.

Most stocks posted notable gains, led by heavyweight financials as easing energy inflation concerns and lowered yields.

UniCredit jumped 5.6%, Intesa Sanpaolo rose 4.4%, while BPER and BPM gained between 3-4%.

Also, Leonardo spiked 7.9% after Citigroup upgraded it to Buy from Neutral.

Avio surged 10% as European defence stocks rallied following Citigroup's upgrade of Leonardo and BofA's upgrade of Rheinmetall, with momentum also bolstered by SpaceX's IPO announcement.

Meanwhile, Buzzi was up 6.3% after announcing 4.8% revenue growth in fiscal 2025.

In contrast, Eni trimmed prior gains, losing 4.7% on lower oil quotes.



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