FTSE MIB Holds Near Record High
2026-06-19 16:13
By
Isabela Couto
1 min. read
The FTSE MIB rose 0.3% to close at 52,849 on Friday, staying near record highs as gains in the energy sector supported the index.
Markets remained focused on developments in the Middle East after planned follow-up US-Iran talks in Switzerland were canceled, adding fresh uncertainty to the diplomatic outlook.
The news pushed oil prices modestly higher and lifted energy-related stocks, with Eni up 2.4%, Tenaris rising 2%, and Prysmian gaining 3.7%.
Defense stocks also advanced on geopolitical concerns, with Leonardo up 1.7%.
Financials traded mixed as energy-driven inflation concerns resurfaced, with UniCredit down 0.7% and Banco BPM losing 0.8%, while Intesa Sanpaolo added 0.4% and Generali gained 0.5%.
Luxury stocks weakened on higher risk aversion, with Ferrari down 1.9% and Moncler falling 1.7%.
Meanwhile, Pierre Wunsch said the European Central Bank may raise interest rates again next month if inflation continues to broaden.