FX.co ★ Italian Stocks Extend Rally

The FTSE MIB index rose by over 1%, surpassing 37,900 in Tuesday's early trading, marking its fifth straight day of gains. This upward trend comes as traders are closely monitoring tariff discussions and evaluating corporate earnings results. U.S. Treasury Secretary Scott Bessent noted on Monday that several major trading partners have presented "very good" proposals to avoid U.S. tariffs. Furthermore, reports suggest that the administration of U.S. President Donald Trump is acting to lessen the effects of his imposed automotive tariffs. Automotive stocks benefited from this development, with Stellantis climbing 4% and Iveco rising 2.3%. The banking sector also performed strongly, with UniCredit up by 1.3%, Intesa Sanpaolo improving by 1.4%, Mediobanca gaining 3.6%, Banca Monte dei Paschi di Siena increasing by 2.7%, and Banca Generali advancing by 2.2%.