FTSE MIB edges up 0.3% as energy and oil stocks lead
FTSE MIB rose 0.3% to 52,230 on Monday. Energy stocks outperformed on higher oil prices, while heavy financials were mixed; energy-led moves contrasted with Snam’s 2.2% drop.
3% to 52,230 on Monday as several macroeconomic developments kept traders focused. Talks over contributions from banks and energy firms to help close the government’s budget shortfall continued over the weekend. 1%. Heavyweight financials were mixed, while banks stayed in focus ahead of Intesa’s shareholder meeting on Thursday to approve the capital increase for MPS’s takeover.
4% as Canadian tariffs on US goods are set to take effect on Tuesday. Italy logged its hottest summer since 1950, pointing to greater demand for electricity used for cooling, although tensions in the Middle East could pressure firms’ margins by lifting European gas prices. 2%. 5% after signing a production contract for the Brazilian army.