FTSE MIB Trades Lower

The FTSE MIB dropped nearly 1% to around 47,150 on Monday, trimming gains from last week and moving in line with its European peers, as sentiment weakened amid renewed escalation in US–Iran tensions. The US has announced plans to block access to the Strait of Hormuz following unsuccessful weekend talks between Washington and Tehran, heightening fears of a longer-than-expected conflict. The developments have again pushed oil prices higher. Across the bourse, losses were led by heavyweight financials including UniCredit (-2.1%), Intesa Sanpaolo (-1.3%), Assicurazioni Generali (-0.9%), and Banco BPM (-1.2%). Other laggards included luxury names such as Ferrari (-2%), Moncler (-2.2%), and Stellantis (-2.6%).

The FTSE MIB rose 0.6% to close at 47,609 on Friday, extending a two-day advance as markets tracked hopes of easing Middle East tensions amid a ceasefire. US and Iranian officials are set to meet in Pakistan on Saturday, fueling hopes for progress toward a potential agreement. US President Trump expressed confidence in deal prospects while maintaining pressure on Tehran to reopen the Strait of Hormuz. Israeli Prime Minister Benjamin Netanyahu signaled readiness for talks with Lebanon. The luxury and financial sectors posted gains on expectations of peace and reduced global risks. UniCredit gained 2.4%, MPS advanced 1.8%, while Intesa Sanpaolo, BPER, and Mediolanum each rose about 1%. Brunello Cucinelli jumped 5.2% in luxury stocks. meanwhile, Leonardo lost 5.3% ahead of diplomatic talks, and Eni fell 2% on hopes for normalized oil supply.

The FTSE MIB Index gained 281 points or 0.59 percent on Friday to close at 47609 points. Gains were led by Buzzi Unicem (5.66%), Brunello Cucinelli (5.50%) and Prysmian (3.87%). Biggest losers were Leonardo SpA (-5.60%), Avio (-5.42%) and Eni (-1.96%).