FTSE MIB Gains Ahead of Interest Rates Decisions

The FTSE MIB Index rose 366 points or 0.77 percent on Tuesday to close at 48040 points. Leading the gains are UniCredit (2.62%), Bper Banca (2.16%) and Intesa Sanpaolo (1.91%). Top losers were Diasorin (-3.14%), Fincantieri (-2.95%) and Moncler (-2.44%).

The FTSE MIB rose 0.8% to close at 48,040 on Tuesday, outperforming most of its European peers as strength in heavyweight financials preceded global interest rate decisions. Both the European Central Bank and the US Federal Reserve are expected to hold rates this week. The financial sector posted gains, with Intesa Sanpaolo up 1.9% and Unicredit advancing 2.1%. The utilities sector also posted gains, with Enel up 1.6% and Terna advancing 1.2%. Eni added 1.8% on rising oil prices amid persistent Middle East tensions and the Strait of Hormuz remaining largely closed. In contrast, the luxury sector posted losses, with Ferrari down 1.6% and Moncler losing 2.5%. Prysmian shed 1.1% ahead of the release of its earnings reports on Thursday.

The FTSE MIB rose more than 1% to around 48,100 on Tuesday, outperforming most of its European peers, driven by strength in heavyweight financials ahead of global interest rate decisions. UniCredit led the gains, advancing nearly 2%, alongside Intesa Sanpaolo (+1.1%), Banco BPM (+1.9%), BPER Banca (+2.3%), Mediobanca (+2%), Banca Mediolanum (+1.2%), and Banca Monte dei Paschi di Siena (+1.7%). Other notable gainers included oil stock Eni, up nearly 3%, tracking higher crude prices as tensions in the Middle East persisted, while the Strait of Hormuz remained largely closed. The White House said US officials are currently reviewing Iran’s latest proposal, while stressing that key “red lines” remain in place for any agreement to end the eight-week conflict. On the data front, Italy’s industrial sales rebounded in February.