The FTSE MIB Index Closes 0.42% Higher

The FTSE MIB Index gained 211 points or 0.42 percent on Friday to close at 50037 points. Gains were led by Banca Mediolanum (1.98%), Nexi (1.98%) and Finecobank (1.75%). Biggest losers were Amplifon (-2.13%), Prysmian (-2.03%) and Stellantis N.V. (-1.97%).

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%.

The FTSE MIB extended gains toward 50,000 on Wednesday, moving closer to record levels, as markets assessed the likelihood of an extension to the fragile ceasefire between the US and Iran. The two sides reportedly agreed to a 60-day memorandum that would extend the existing ceasefire and facilitate the resumption of energy flows through the Strait of Hormuz. However, uncertainty remains, with reports of continued hostilities persisting. Across the bourse, early gainers were led by heavyweight financials, including UniCredit (+0.9%), Intesa Sanpaolo (+0.6%), Banco BPM (+1.2%), Mediobanca (+2.1%), and Banca Monte dei Paschi di Siena (+2.1%). Auto stocks also advanced, with Ferrari and Stellantis up 0.8% and 1.4%, respectively. Meanwhile, Eni fell 0.6%, tracking lower oil prices, and after announcing an agreement with battery storage firm Seri Industrial to develop a lithium iron phosphate battery supply chain.