FTSE MIB Opens June Muted

2026-06-01 07:38 By Kyrie Dichosa 1 min. read

The FTSE MIB was broadly flat near 50,000 at the start of the first trading session in June, as caution prevailed amid ongoing uncertainty in the Middle East.

The US and Iran are reportedly discussing an extension of the ceasefire and the reopening of the Strait of Hormuz, though no concrete progress has been confirmed.

Israel’s expanded ground offensive in Lebanon has also heightened fears of a broader military escalation.

On the bourse, gains were led by Eni (+1.3%), tracking higher oil prices, alongside advances in Prysmian (+1.6%), Tenaris (+1.7%), and STMicroelectronics (+1.1%).

These were offset by declines across most heavyweight financials, including UniCredit (-0.4%), Intesa Sanpaolo (-0.9%), Banco BPM (-0.6%), and Mediobanca (-0.4%).

Unipol Gruppo also slipped 0.7%, despite Moody’s upgrading its Insurer Financial Strength Rating (IFSR) to “A3” with a stable outlook.



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FTSE MIB Opens June Muted
The FTSE MIB was broadly flat near 50,000 at the start of the first trading session in June, as caution prevailed amid ongoing uncertainty in the Middle East. The US and Iran are reportedly discussing an extension of the ceasefire and the reopening of the Strait of Hormuz, though no concrete progress has been confirmed. Israel’s expanded ground offensive in Lebanon has also heightened fears of a broader military escalation. On the bourse, gains were led by Eni (+1.3%), tracking higher oil prices, alongside advances in Prysmian (+1.6%), Tenaris (+1.7%), and STMicroelectronics (+1.1%). These were offset by declines across most heavyweight financials, including UniCredit (-0.4%), Intesa Sanpaolo (-0.9%), Banco BPM (-0.6%), and Mediobanca (-0.4%). Unipol Gruppo also slipped 0.7%, despite Moody’s upgrading its Insurer Financial Strength Rating (IFSR) to “A3” with a stable outlook.
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