FTSE MIB Edges Higher
The FTSE MIB edged above 51,900 on Monday, extending gains from the previous session, as markets appeared to overlook higher oil prices after US President Donald Trump rejected Iran’s latest offer to reopen the Strait of Hormuz. Across the bourse, luxury and auto shares outperformed. Stellantis advanced more than 2% after the US moved to ease fuel-economy requirements, reducing regulatory pressure to accelerate EV adoption and giving its Jeep and Ram brands more flexibility, while a partnership with China’s Momenta to develop advanced driver-assistance systems for Jeep and Peugeot added further support. Ferrari also rose 1.5%, while luxury names Moncler and Brunello Cucinelli gained more than 1% each. On the flipside, Telecom Italia fell 2.5% after Poste Italiane’s takeover offer reached 85.8% of TIM, below the 90% squeeze-out threshold but sufficient to proceed with the merger and delisting.
The FTSE MIB edged above 51,900 on Monday, extending gains from the previous session, as markets appeared to overlook higher oil prices after US President Donald Trump rejected Iran’s latest offer to reopen the Strait of Hormuz. Across the bourse, luxury and auto shares outperformed. Stellantis advanced more than 2% after the US moved to ease fuel-economy requirements, reducing regulatory pressure to accelerate EV adoption and giving its Jeep and Ram brands more flexibility, while a partnership with China’s Momenta to develop advanced driver-assistance systems for Jeep and Peugeot added further support.
5%, while luxury names Moncler and Brunello Cucinelli gained more than 1% each. 8% of TIM, below the 90% squeeze-out threshold but sufficient to proceed with the merger and delisting.