FTSE MIB Trades Near Record High

2026-08-06 08:05 By Kyrie Dichosa 1 min. read

The FTSE MIB rose to around 53,800 on Thursday, remaining close to record levels, as markets continued to assess the latest corporate earnings while tracking developments in the Middle East.

Iran announced an agreement with Oman on a shipping route through the Strait of Hormuz, raising hopes of stronger energy flows through the key waterway.

Officials said a joint statement was being finalized but stressed the arrangement would not constitute a full reopening of the Strait.

Across the bourse, Banco BPM led gains of more than 4% after raising its full-year guidance following better-than-expected Q2 earnings.

Meanwhile, Tenaris was little changed after reporting Q2 net sales down 4% both sequentially and year-over-year, citing shipment delays to Middle East customers caused by shipping disruptions, along with higher logistics and raw material costs.

On the data front, Italy's construction downturn softened in July, while industrial output unexpectedly fell in June.



News Stream
FTSE MIB Trades Near Record High
The FTSE MIB rose to around 53,800 on Thursday, remaining close to record levels, as markets continued to assess the latest corporate earnings while tracking developments in the Middle East. Iran announced an agreement with Oman on a shipping route through the Strait of Hormuz, raising hopes of stronger energy flows through the key waterway. Officials said a joint statement was being finalized but stressed the arrangement would not constitute a full reopening of the Strait. Across the bourse, Banco BPM led gains of more than 4% after raising its full-year guidance following better-than-expected Q2 earnings. Meanwhile, Tenaris was little changed after reporting Q2 net sales down 4% both sequentially and year-over-year, citing shipment delays to Middle East customers caused by shipping disruptions, along with higher logistics and raw material costs. On the data front, Italy's construction downturn softened in July, while industrial output unexpectedly fell in June.
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