The FTSE MIB Index Closes 0.50% Higher

The FTSE MIB rose 0.5% to 47,328 on Thursday, lifted by energy and defense stocks amid escalating Middle East tensions and renewed uncertainty over oil supplies. With the Strait of Hormuz still largely disrupted and Israeli strikes on Lebanon prompting Iran to threaten withdrawal from the ceasefire, President Trump warned of renewed escalation if a broader deal isn't reached. Oil prices rebounded on supply disruption fears, driving energy shares higher: Eni led the index with a 4% gain, followed by Tenaris (+2.6%) and Terna (+2.5%). Leonardo rose 3.1% as peace prospects dimmed. In contrast, industrials, financials, and luxury stocks declined amid rising global risk and energy-driven stagflation pressures that lifted bond yields. Recordati Ord (-2%), Banca Mediolanum (-1.1%), and Brunello Cucinelli (-1.4%) were among the top laggards.

The FTSE MIB Index went up by 236 points or 0.50 percent on Thursday to close at 47328 points. The rise was led by Eni (3.96%), Leonardo SpA (3.09%) and Tenaris (2.50%). On the downside, the weakerst performers were Recordati (-2.03%), Brunello Cucinelli (-1.61%) and Banca Mediolanum (-1.08%).

The FTSE MIB fell 0.3% to just below 47,000 in early Thursday trading, retreating from an over five-week high amid lingering doubts over the durability of the Middle East ceasefire. Sporadic fighting continued across the region, with Israel carrying out strikes in Lebanon, restraining risk sentiment once again. Iran blocked shipping in the Strait of Hormuz in protest, though the White House denies the waterway is closed. Among the notable decliners were Ferrari (-1.8%), Leonardo (-2.4%), Moncler (-2.5%), Davide Campari-Milano (-1.7%), and Amplifon (-2.5%). Gains in energy and utilities partially offset losses, with Eni (+1.5%), Tenaris (+2.2%), Terna (+1.5%), Italgas (+2.4%), and A2A (+1.8%) advancing.