FTSE MIB Open Higher

The FTSE MIB rose to around 52,000 on Monday, extending gains from the previous session, as risk sentiment improved following reports that the US and Iran had paused hostilities. The US extended a pause in airstrikes on Iran for a second night, while Tehran refrained from retaliation, sparking hopes of a broader de-escalation. The pause coincided with Oman-mediated talks on managing shipping through the Strait of Hormuz, potentially reducing risks to oil flows. The developments weighed on oil prices, with Brent crude sliding below $91 per barrel. On the bourse, heavyweight financial stocks led gains, including UniCredit (+1.7%), Banca Monte dei Paschi di Siena (+0.9%), Banco BPM (+0.8%), Assicurazioni Generali (+0.9%), and Mediobanca (+1.1%). On the flip side, oil major Eni fell more than 4%.

The FTSE MIB Index gained 486 points or 0.95 percent on Friday to close at 51802 points. Gains were led by Bper Banca (2.75%), Brunello Cucinelli (2.54%) and Intesa Sanpaolo (2.27%). Biggest losers were Poste Italiane (-3.32%), Telecom Italia (-2.26%) and STMicroelectronics (-1.96%).

The FTSE MIB rose 0.9% to 51,802 on Friday with support from financial stocks following a slight pullback in energy prices. Financials led gains, with BPER Banca rising 2.8% as sovereign bond yields stabilized following a retreat in oil prices, easing inflation concerns and offsetting the impact of newly announced US global tariffs. Intesa Sanpaolo, Banco BPM, Mediobanca, and BMPS all gained more than 2%. UniCredit advanced 1.5% after Commerzbank confirmed that discussions will resume next month, following the Italian lender's acquisition of a likely controlling stake, helping alleviate investor concerns over delays to its share buyback program. STMicroelectronics fell 2.4%, extending a near 18% plung in the last session after missing estimates, with AI overspending concerns continuing to weigh. Poste Italiane led declines, falling 3.7%, followed by Telecom Italia (-2.7%), after Poste unveiled plans for a new AI-focused data centre in partnership with the telecom operator.