FTSE MIB opens higher near record levels
The FTSE MIB rose to around 53,800 on Monday, consolidating near earlier this month record levels as technology shares led gains and Middle East developments stayed in focus.
The FTSE MIB rose to around 53,800 on Monday, continuing to consolidate near record levels reached earlier this month.
Market attention remained focused on developments in the Middle East, while sentiment was also supported by fading expectations of a Federal Reserve rate hike at its September meeting.
Technology shares led the gains, mirroring strength in Asian markets, with STMicroelectronics and Prysmian climbing more than 3% each.
Ferrari advanced nearly 2% after its first electric car, the Luce, sold for a record $40 million at auction, highlighting strong interest in the luxury automaker’s new EV despite earlier criticism.
Other notable gainers included Saipem (+1%), Unipol Gruppo (+0.8%), FinecoBank (+1.4%), and Italgas (+1%).
On the flip side, Fincantieri led losses of nearly 2%.