FTSE MIB Sets New Record on Financial Boost

2026-06-12 07:51 By Kyrie Dichosa 1 min. read

The FTSE MIB rose more than 1% to around 51,300 on Friday, setting a fresh record high, as banks and insurers extended their rally this week amid speculation over a potential bidding war for Banca Monte dei Paschi di Siena.

This lifted sentiment across Italy’s financial sector, as a prospective deal for Monte Paschi could reignite broader mergers and acquisitions activity and reinforce expectations of sector consolidation, while unlocking valuation upside.

Among the top performers, Mediobanca and Monte Paschi gained more than 3%.

Other gainers included UniCredit (+2.2%), Intesa Sanpaolo (+2.7%), Assicurazioni Generali (+1.2%), Banco BPM (+1.5%), BPER Banca (+1.9%), and Unipol Gruppo (+2%).

Sentiment was further supported by reports that US President Donald Trump said a US–Iran deal is nearing completion and that he has cancelled planned strikes against Iran.

For the week, the benchmark index is on track for a solid gain.



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FTSE MIB Sets New Record on Financial Boost
The FTSE MIB rose more than 1% to around 51,300 on Friday, setting a fresh record high, as banks and insurers extended their rally this week amid speculation over a potential bidding war for Banca Monte dei Paschi di Siena. This lifted sentiment across Italy’s financial sector, as a prospective deal for Monte Paschi could reignite broader mergers and acquisitions activity and reinforce expectations of sector consolidation, while unlocking valuation upside. Among the top performers, Mediobanca and Monte Paschi gained more than 3%. Other gainers included UniCredit (+2.2%), Intesa Sanpaolo (+2.7%), Assicurazioni Generali (+1.2%), Banco BPM (+1.5%), BPER Banca (+1.9%), and Unipol Gruppo (+2%). Sentiment was further supported by reports that US President Donald Trump said a US–Iran deal is nearing completion and that he has cancelled planned strikes against Iran. For the week, the benchmark index is on track for a solid gain.
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