FTSE MIB Rises on Financial Sector Strength

2026-06-17 15:53 By Isabela Couto 1 min. read

The FTSE MIB rose 0.3% to close at 52,595 on Wednesday as markets awaited confirmation of the US-Iran peace agreement and the US Federal Reserve’s monetary policy outlook.

Iran and the US remained on track to sign the deal on Friday, despite lingering uncertainty over the terms.

Oil prices hovered near a three-month low amid prospects of the reopening of the Strait of Hormuz and the International Energy Agency warning of a supply overhang next year.

Bond yields edged lower as energy-driven inflation concerns eased.

Financial stocks led gains, with UniCredit up 2.2%, BPER Banca rising 1%, Banco BPM gaining 2.4%, and Intesa Sanpaolo adding 0.7%.

UniCredit’s buyout offer for Commerzbank officially ended on June 16, lifting its overall stake to 42.4% after a 12.41% take-up.

The German government reiterated its opposition and formally rejected the offer.

Investors now have two additional weeks to tender shares, with final results due on July 8.

Approval from the ECB is still required.



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