FTSE MIB Edges Higher

The FTSE MIB edged above 49,300 on Monday after a muted performance in the previous session, as markets continued to monitor developments in the Middle East amid little sign of a near-term resolution to the conflict. US President Donald Trump rejected Iran’s latest proposal to end the conflict, keeping the Strait of Hormuz effectively shut, while Israeli Prime Minister Benjamin Netanyahu said the war with Iran was “not over,” heightening fears of further escalation. Across the bourse, Eni rose nearly 2%, tracking higher oil prices, while gains were also seen in STMicroelectronics (+2.9%), Saipem (+2%), and most financial stocks. On the other hand, despite persistent geopolitical tensions, Leonardo fell more than 4%, while luxury names also traded lower, including Ferrari (-2.3%), Moncler (-1.9%), and Brunello Cucinelli (-1.6%).

The FTSE MIB closed flat at 49,289 on Friday as investors weighed renewed tariff threats and escalating geopolitical tensions. US President Donald Trump warned that the European Union could face significantly higher tariffs as early as July 4 if it does not reduce duties on US imports to zero. The comments followed a call with European Commission President von der Leyen, who said negotiations were progressing toward lowering trade barriers. Markets were also pressured by heightened tensions in the Middle East after the US carried out strikes on Iranian military targets in response to attacks on three US Navy destroyers in the Strait of Hormuz. Financials traded lower, with UniCredit down 1.3% and Intesa Sanpaolo losing 2.0%, despite the latter reporting stronger-than-expected Q1 2026 results. Leonardo dropped 3.2% following the appointment of Lorenzo Mariani as CEO. In contrast, energy-related stocks advanced, with Eni up 1.7%, Prysmian gaining 5.8%, and Tenaris rising 2.8%.

The FTSE MIB Index dropped 1 points or 0.00 percent on Friday to close at 49290 points. Losses were led by Leonardo SpA (-4.08%), Fincantieri (-3.69%) and Intesa Sanpaolo (-2.43%). Offsetting the fall, top gainers were Prysmian (6.68%), Tenaris (2.53%) and Poste Italiane (2.25%).