FTSE MIB Rises on Energy and Utilities Gains

The FTSE MIB Index gained 375 points or 0.76 percent on Monday to close at 49665 points. Gains were led by Diasorin (5.54%), Prysmian (3.29%) and Saipem (3.23%). Biggest losers were Avio (-5.69%), Moncler (-4.62%) and Brunello Cucinelli (-3.62%).

The FTSE MIB rose 0.8% to close at 49,665 on Monday, supported by gains in the utilities and energy sectors. Eni climbed 3.0% as oil prices rose amid renewed US-Iran tensions, while Enel gained 2.7%. Other notable performers included Prysmian (+3.2%), Tenaris (+1.9%), and STMicroelectronics (+2.6%). On the earnings front, Mediobanca rose 0.6% ahead of its earnings release scheduled for Tuesday. BPER Banca (+0.6%), Snam (0.0%), Recordati Ord. (-0.2%), and Infrastrutture Wireless (+2.2%) are also set to report results this week. Meanwhile, luxury stocks underperformed amid weaker risk appetite, with Ferrari (-2.9%), Moncler (-5.0%), and Brunello Cucinelli (-3.3%) posting losses. Leonardo fell 3.5%, while Stellantis declined 1.5%.

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%).