FTSE MIB Jumps to Record High

2026-05-06 07:46 By Kyrie Dichosa 1 min. read

The FTSE MIB jumped over 1% to above 49,100 on Wednesday, hitting a fresh record high, as oil prices continued to ease amid renewed hopes for a peace deal in the Iran conflict.

The US stated that its offensive military actions against Iran have been completed, while President Trump indicated that Washington would temporarily suspend efforts to assist stranded vessels in leaving the Strait of Hormuz in order to create space for renewed negotiations with Tehran.

Heavyweight financials led the advance, with notable gains from UniCredit (+3.4%), Intesa Sanpaolo (+2.4%), Banco BPM (+2.1%), and BPER Banca (+2.6%).

Meanwhile, investors continued to welcome a fresh batch of corporate earnings, with Ferrari reporting Q1 revenue that beat forecasts and maintaining its guidance despite lower Q1 deliveries.

The stock rose only 0.4%.

On the data front, the PMI survey showed that Italy’s private sector returned to growth in April, while the services sector continued to contract.



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FTSE MIB Jumps to Record High
The FTSE MIB jumped over 1% to above 49,100 on Wednesday, hitting a fresh record high, as oil prices continued to ease amid renewed hopes for a peace deal in the Iran conflict. The US stated that its offensive military actions against Iran have been completed, while President Trump indicated that Washington would temporarily suspend efforts to assist stranded vessels in leaving the Strait of Hormuz in order to create space for renewed negotiations with Tehran. Heavyweight financials led the advance, with notable gains from UniCredit (+3.4%), Intesa Sanpaolo (+2.4%), Banco BPM (+2.1%), and BPER Banca (+2.6%). Meanwhile, investors continued to welcome a fresh batch of corporate earnings, with Ferrari reporting Q1 revenue that beat forecasts and maintaining its guidance despite lower Q1 deliveries. The stock rose only 0.4%. On the data front, the PMI survey showed that Italy’s private sector returned to growth in April, while the services sector continued to contract.
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