FTSE MIB Hits Record High as Oil Eases

2026-05-06 16:26 By Isabela Couto 1 min. read

The FTSE MIB jumped 2.3% to close at 49,697 on Wednesday, reaching a fresh record high as oil prices continued to ease on renewed hopes for a peace deal in the Iran conflict.

The US said its offensive military actions against Iran had been completed, while President Donald Trump indicated Washington would temporarily suspend efforts to assist vessels leaving the Strait of Hormuz to allow room for renewed negotiations.

Financials led the rally, with UniCredit (+4.6%), Intesa Sanpaolo (+3.3%), Banco BPM (+3.9%), and BPER Banca (+3.7%) posting strong gains, while Generali rose 2.2% ahead of earnings.

Leonardo (+5.0%) is also set to report results, alongside TIM (+1.6%) and Poste Italiane (+2.3%).

Eni fell 4.1% on lower oil prices.

On the data front, PMI surveys showed Italy’s private sector returned to growth in April, although the services sector remained in contraction.



News Stream
FTSE MIB Hits Record High as Oil Eases
The FTSE MIB jumped 2.3% to close at 49,697 on Wednesday, reaching a fresh record high as oil prices continued to ease on renewed hopes for a peace deal in the Iran conflict. The US said its offensive military actions against Iran had been completed, while President Donald Trump indicated Washington would temporarily suspend efforts to assist vessels leaving the Strait of Hormuz to allow room for renewed negotiations. Financials led the rally, with UniCredit (+4.6%), Intesa Sanpaolo (+3.3%), Banco BPM (+3.9%), and BPER Banca (+3.7%) posting strong gains, while Generali rose 2.2% ahead of earnings. Leonardo (+5.0%) is also set to report results, alongside TIM (+1.6%) and Poste Italiane (+2.3%). Eni fell 4.1% on lower oil prices. On the data front, PMI surveys showed Italy’s private sector returned to growth in April, although the services sector remained in contraction.
2026-05-06
The FTSE MIB Index Closes 2.35% Higher
The FTSE MIB Index rose 1139 points or 2.35 percent on Wednesday to close at 49697 points. Leading the gains are Amplifon (12.40%), Lottomatica (6.68%) and Buzzi Unicem (5.75%).
2026-05-06
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.
2026-05-06