The FTSE MIB Index Closes 1.29% Higher

The FTSE MIB rose 1.3% to 52,104 on Thursday, supported by gains in financial and technology stocks, in addition to strong GDP data. AI infrastructure shares across the globe rebounded from yesterday's selloff after Samsung posted results, with STMicroelectronis jumping 6.4% and Prysmian gaining 4.5%. Financials also rose amid more strong earnings for European bank holding companies. Azimut gained 3.9%, and UniCredit, Banco BPM and BPER Banca all advanced more than 2%. Energy stocks continued to outperform, with Saipem up 3.7% and Eni gaining 1.4%, as oil prices remained elevated despite retreating during the session. Broader shares were also supported by strong GDP data. The Italian economy recorded by a carry-over growth rate of 0.8% in H1, firmly above the bank of Italy forecasts of 0.5% for 2026.  On the downside, Stellantis dropped 4.2% after reporting weaker-than-expected second-quarter results.

The FTSE MIB Index went up by 661 points or 1.29 percent on Thursday to close at 52104 points. The rise was led by STMicroelectronics (6.12%), Azimut Holding (3.92%) and Saipem (3.65%).

The FTSE MIB edged lower to around 51,300 on Thursday, extending losses for a third consecutive session, as markets continued to digest fresh corporate earnings while keeping an eye on developments in the Middle East. Investors remained focused on renewed US strikes on Iran, the resulting increase in oil prices, alongside the Federal Reserve's decision to hold interest rates steady for a fifth consecutive meeting overnight. Across the bourse, Prysmian declined more than 3% despite reporting solid Q2 revenue growth and raising its 2026 guidance outlook. Stellantis also dropped nearly 5% even after swinging to a profit in the second quarter, boosted by rising demand in North America. Meanwhile, Telecom Italia rose 0.5% after posting growth in its second-quarter core earnings. Davide Campari-Milano also gained 3.9% after reporting growth in adjusted net profit for the first half.