FX.co ★ Italian Stocks Start June in the Red

The FTSE MIB index experienced a decline of 0.5%, slipping below the 39,900 mark in early Monday trading, signaling a weak start to June. This decline was in line with global market trends, which were affected by heightened trade and geopolitical tensions. On Friday, US President Donald Trump announced an increase in tariffs on steel and aluminum imports, raising them from the existing 25% to 50%, effective from June 4. Additionally, he accused China of breaching a tariff agreement reached in early May—an accusation that Beijing refuted by alleging US misconduct. In Europe, tensions escalated between Ukraine and Russia ahead of their second peace negotiation in Istanbul, marked by a series of hostilities including one of Ukraine's most assertive attacks during the conflict and an overnight drone assault by Russian forces. Within the corporate sector, significant declines were observed in companies such as STMicroelectronics (-1.9%), Buzzi Unicem (-1.5%), Prysmian (-1.2%), and Stellantis (-1.1%).