FTSE MIB Trades at Record Levels

2026-07-07 07:53 By Kyrie Dichosa 1 min. read

The FTSE MIB rose to around 53,000 on Tuesday, extending its recent advance near record highs, mainly driven by continued strength in defence stocks.

Sentiment remained supported after NATO announced a series of multi-billion-euro military projects aimed at strengthening the alliance's defence capabilities, fueling expectations of higher military procurement across Europe.

Leonardo rose 1.8%, while Fincantieri and Avio advanced 4.1% and 2.6%, respectively.

Automakers also traded higher, with Ferrari gaining 1.1% and Stellantis rising 2.1%.

Meanwhile, oil major Eni added 1.1%, tracking higher crude prices after reports that an LNG carrier was struck by a projectile near the Omani coast while exiting the Strait of Hormuz.

On the flip side, tech stocks weighed on the index, with STMicroelectronics (-4.3%) and Prysmian (-1.8%) declining as caution from the Asian session lingered after Samsung Electronics' strong guidance prompted investors to reassess lofty AI-driven valuations.



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FTSE MIB Trades at Record Levels
The FTSE MIB rose to around 53,000 on Tuesday, extending its recent advance near record highs, mainly driven by continued strength in defence stocks. Sentiment remained supported after NATO announced a series of multi-billion-euro military projects aimed at strengthening the alliance's defence capabilities, fueling expectations of higher military procurement across Europe. Leonardo rose 1.8%, while Fincantieri and Avio advanced 4.1% and 2.6%, respectively. Automakers also traded higher, with Ferrari gaining 1.1% and Stellantis rising 2.1%. Meanwhile, oil major Eni added 1.1%, tracking higher crude prices after reports that an LNG carrier was struck by a projectile near the Omani coast while exiting the Strait of Hormuz. On the flip side, tech stocks weighed on the index, with STMicroelectronics (-4.3%) and Prysmian (-1.8%) declining as caution from the Asian session lingered after Samsung Electronics' strong guidance prompted investors to reassess lofty AI-driven valuations.
2026-07-07
FTSE MIB at Record Highs
The FTSE MIB rose 0.3% to close at a record high of 52,959 on Monday, supported by expectations of higher military spending across NATO members. Defense stocks led gains after NATO members, including Italy, increased military spending. Fincantieri jumped 11.4% after announcing four acquisitions worth just over €1 billion, while Leonardo gained 4.6% and Avio added 2.6%. Ferrari rose 2.2%, extending gains as it continued its share buyback program and following the unveiling of its new model. Banks also advanced on expectations for a ECB rate hike, with Banco BPM up 2.2% after unveiling a €1.5 billion credit facility for Italian businesses' digital and ecological transition. Finecobank (1.2%) and Intesa Sanpaolo (1.1%) also advanced while insurers Unipol (0.3%) and Generali (0.1%) followed. Prysmian led losses at 2.1% and utilities underperformed, with Italgas down 1.7%, Terna losing 1.6%, and A2A falling 1.4%.
2026-07-06
The FTSE MIB Index Closes 0.27% Higher
The FTSE MIB Index went up by 140 points or 0.27 percent on Monday to close at 52959 points. The rise was led by Fincantieri (11.42%), Leonardo SpA (4.78%) and Avio (2.61%). On the downside, the weakerst performers were Prysmian (-2.08%), Italgas (-1.66%) and Terna Rete Elettrica Nazionale (-1.55%).
2026-07-06