The FTSE MIB Index Closes 0.10% Higher

The FTSE MIB rose 0.1% to close at 52,862 on Tuesday, supported by lower-than-expected inflation data in the US. The data eased expectations of a July Fed rate hike, although financial stocks posted mixed performances. Fincantieri jumped 2.7% after unveiling plans to integrate artificial intelligence into its technological innovation strategy, while Intesa Sanpaolo (0.3%) reaffirmed its buy rating on the stock. Utilities also advanced amid increased cooling demand, led by A2A (1.8%). Hera gained 1.2% after signing a binding agreement to acquire a 70% stake in Kronos Polymer Polska, while oil major Eni added 0.7%, supported by volatile oil prices. Inwit was the session's worst performer, falling 3.8% after an Italian court rejected its request to suspend the Fastweb+Vodafone termination from the MSA. Meanwhile, the European Central Bank selected banks and payment firms for the digital euro project, including BPMS (0.7%), Nexi (0.2%) and UniCredit (-0.5%).

The FTSE MIB Index gained 53 points or 0.10 percent on Tuesday to close at 52863 points. Gains were led by Prysmian (3.09%), Fincantieri (2.66%) and Avio (2.04%). Biggest losers were Infrastrutture Wire (-2.99%), Davide Campari-Milano (-1.60%) and Brunello Cucinelli (-1.46%).

The FTSE MIB fell to around 52,300 on Tuesday, halting a three-day winning streak, as escalating tensions in the Middle East weighed on market sentiment. Crude prices extended their gains after renewed US-Iran strikes fueled concerns over global supply, while President Trump announced plans to levy transit fees on ships using the Strait of Hormuz. Losses were broad-based, led by financial stocks including Unicredit (-1.2%), Banco BPM (-1.6%), Mediobanca (-1.2%), Banca Mediolanum (-1.2%), BPER Banca (-1.7%), and Banca Monte dei Paschi di Siena (-1.0%). Meanwhile, Telecom Italia slipped 0.7%, despite an Italian court rejecting Inwit's urgent request to suspend the company's withdrawal from a tower lease agreement. Energy stocks continued to outperform, with Eni rising nearly 2% and Tenaris gaining about 1%, supported by higher oil prices.