FTSE MIB Gains on US-Iran Ceasefire Optimism

2026-05-29 15:52 By Isabela Couto 1 min. read

The FTSE MIB added 0.4% to close at 50,037 on Friday, supported by optimism over an extended ceasefire agreement between the US and Iran, although US President Donald Trump has yet to formally approve the deal.

The development pushed oil prices lower, weighing on bond yields and supporting financials and the broader index.

UniCredit gained 1.8%, while Intesa Sanpaolo and Generali added 1%.

Luxury stocks also traded higher amid improved risk appetite, with Ferrari up 0.5% and Moncler advancing 0.9%.

Other notable gainers included Poste Italiane (+1.4%) and TIM (+1.2%).

In contrast, energy-related stocks retreated on lower oil prices, with Eni down 0.5% and Prysmian losing 1.5%.

On the data front, the Italian headline inflation rate rose to 3.2% in May from 2.7% in April, aligning with forecasts.

The unemployment rate edged down to 5.1% in April, below expectations of 5.3%.

GDP expanded by 0.8% from the previous year in the first quarter of 2026, revised from estimates of 0.7%.



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The FTSE MIB added 0.4% to close at 50,037 on Friday, supported by optimism over an extended ceasefire agreement between the US and Iran, although US President Donald Trump has yet to formally approve the deal. The development pushed oil prices lower, weighing on bond yields and supporting financials and the broader index. UniCredit gained 1.8%, while Intesa Sanpaolo and Generali added 1%. Luxury stocks also traded higher amid improved risk appetite, with Ferrari up 0.5% and Moncler advancing 0.9%. Other notable gainers included Poste Italiane (+1.4%) and TIM (+1.2%). In contrast, energy-related stocks retreated on lower oil prices, with Eni down 0.5% and Prysmian losing 1.5%. On the data front, the Italian headline inflation rate rose to 3.2% in May from 2.7% in April, aligning with forecasts. The unemployment rate edged down to 5.1% in April, below expectations of 5.3%. GDP expanded by 0.8% from the previous year in the first quarter of 2026, revised from estimates of 0.7%.
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