Stocks in Italy Hit All-time High

Italy’s FTSE MIB index climbed to an all-time peak of 50,114 points on Monday before trimming some gains, as crude oil prices tumbled on growing expectations that the US and Iran were close to a deal to reopen the Strait of Hormuz. Brent crude fell nearly 6% to below $100 a barrel after senior US officials indicated on Sunday that both sides were nearing an agreement to restore the critical Middle East shipping route, though final approval could still take several days. The decline in oil prices soothed some inflation fears, leading investors to scale back expectations for interest rate hikes. However, money markets still anticipate two European Central Bank rate increases before the end of the year. Among individual stocks, Nexi surged over 6% after state-backed investor CDP Equity announced plans to raise its stake in the payments group to as much as 29.9%.

IT40 increased to an all-time high of 50114.00 Index Points. Over the past 4 weeks, Italy Stock Market Index (IT40) gained 5.04%, and in the last 12 months, it increased 25.23%.

The FTSE MIB climbed toward the 50,000 mark on Monday, reaching its highest level since early 2000, as expectations of a US–Iran agreement boosted market sentiment. This followed President Trump’s comments that talks were progressing constructively, along with his indication that the reopening of the Strait of Hormuz was largely agreed and could be announced soon, although the US blockade would remain in place until negotiations are finalized. The development pushed oil prices lower, easing some inflation concerns. Among early gainers were UniCredit (+2.5%), Intesa Sanpaolo (+1.8%), Enel (+1.0%), Ferrari (+1.8%), Stellantis (+2.2%), and Prysmian (+1.5%). Nexi also rose more than 3% after CDP Equity said it intends to increase its stake in the payments group to as much as 29.9%, reinforcing its position in a sector viewed as strategically important.