The FTSE MIB rebounded from sharp early losses to trade more than 1% higher around 43,395 on Monday, broadly in line with other major European indices. Sentiment improved after President Trump announced a five-day pause on planned strikes against Iran, describing recent talks with Iranian officials as “very good and productive,” although this characterization was later rejected by Iranian authorities.
Gains were widespread across the index, with nearly all sectors advancing except oil & gas and healthcare. Telecom Italia led the rally, climbing 5.9%, followed by Unicredit (+4.1%), Ferrari (+3.5%), and Banco BPM (+3.5%). In contrast, Poste Italiane slumped 6.8% after unveiling a public tender offer for all of TIM’s shares, valued at €10.8 billion, as part of a plan to take the company private and delist it.
