FTSE MIB Trades Higher

The FTSE MIB rose nearly 1% to around 49,400 on Wednesday, recovering losses from the previous session as investors shifted focus back to earnings while continuing to monitor developments in the Middle East. Recordati reported a 22.4% year-on-year increase in first-quarter net income and reaffirmed its full-year 2026 guidance, with the stock rising over 1%. Other notable gainers were industrial stocks, including Prysmian Group (+2.4%), STMicroelectronics (+4.5%), Saipem (+2.9%), and Infrastrutture Wire (+1%). Heavyweight financials also traded mostly higher. On the downside, luxury names such as Moncler (-2.1%) and Brunello Cucinelli (-1.5%) were under pressure.

The FTSE MIB Index fell 674 points or 1.36 percent on Tuesday to close at 48991 points. Leading the losses are STMicroelectronics (-5.40%), Prysmian (-4.92%) and Nexi (-4.26%).

The FTSE MIB fell 1.4% to close at 48,991 on Tuesday, reversing gains from the previous session as hopes for a swift resolution to the US-Iran conflict continued to fade. US President Trump said the truce was “on life support” and rejected Tehran’s latest counterproposal. Oil prices rose and renewed concerns over stagflation. Heavyweight financials traded lower, with UniCredit down 0.9%, Generali losing 1.7%, and Intesa Sanpaolo falling 1.4%. The main exceptions were MPS, which gained 1.5% after reporting strong Q1 2026 results, and Mediobanca (+1.3%), amid plans for a merger with the state bank. Utilities also posted losses, with Enel down 1.6%. Other notable laggards included STMicroelectronics (-5.3%), Leonardo (-2.6%), and Prysmian (-5.2%). Elsewhere, Eni rose 0.9% as higher oil prices supported energy stocks, while Recordati traded lower ahead of its earnings release. On the data front, Italy’s industrial production rose 1.5% year-over-year in March.