Stocks in Italy Hit 26-year High

The FTSE MIB Index gained 570 points or 1.15 percent on Thursday to close at 50050 points. Gains were led by STMicroelectronics (6.00%), Stellantis N.V. (3.63%) and Banca Mediolanum (2.84%).

The FTSE MIB rose 1.1% to close at a record 50,050 on Thursday as investors monitored geopolitical developments and continued to assess the latest earnings reports. Markets remained focused on the Beijing meeting between US President Donald Trump and Chinese President Xi Jinping, amid hopes the talks could help stabilize relations between the world’s two largest economies. STMicroelectronics extended recent gains, rising 5.4%, while heavyweight financials also advanced as the BTP-Bund spread narrowed, with UniCredit up 1.7% and Intesa Sanpaolo gaining 2%. The auto sector also performed well, with Stellantis rising 3.5% and Ferrari adding 1.4%. On the downside, Snam lost 1% as investors weighed higher net debt and geopolitical risks despite strong first-quarter results. Meanwhile, Infrastrutture Wireless Italiane gained 1.3% even after reporting lower first-quarter earnings while reaffirming its 2026 revenue guidance.

IT40 increased to 49901.00 Index Points, the highest since March 2000. Over the past 4 weeks, Italy Stock Market Index (IT40) gained 3.6%, and in the last 12 months, it increased 23.44%.