FTSE MIB Rises on Friday
Milan’s FTSE MIB rose around 0.4% on Friday, recouping some losses from the previous session as investors assessed corporate developments and tracked gains across regional peers. UniCredit gained 0.6% after receiving ECB approval to take control of Germany’s Commerzbank, while Brunello Cucinelli jumped 4.0% after raising its 2026 outlook following stronger third-quarter sales. Other notable gainers included defense-related shares, with Leonardo advancing 2.7% and Fincantieri rising 2.6%, while Saipem added 1.6% and Stellantis gained 1.4%. On the other hand, Eni fell 0.4%, mirroring a modest decline in crude prices and facing disruptions at its Taranto refinery linked to protests over the former Ilva steelworks crisis. On the data front, investors awaited the final September inflation reading. For the week, the benchmark index was on track for a muted performance.
Milan’s FTSE MIB rose around 0.4% on Friday, recouping some losses from the previous session as investors assessed corporate developments and tracked gains across regional peers. UniCredit gained 0.6% after receiving ECB approval to take control of Germany’s Commerzbank, while Brunello Cucinelli jumped 4.0% after raising its 2026 outlook following stronger third-quarter sales. Other notable gainers included defense-related shares, with Leonardo advancing 2.7% and Fincantieri rising 2.6%, while Saipem added 1.6% and Stellantis gained 1.4%.
On the other hand, Eni fell 0.4%, mirroring a modest decline in crude prices and facing disruptions at its Taranto refinery linked to protests over the former Ilva steelworks crisis. On the data front, investors awaited the final September inflation reading. For the week, the benchmark index was on track for a muted performance.