FTSE MIB Rises on Monday

The FTSE MIB rose 0.9% to around 48,980 on Monday, recovering from recent losses, supported by gains across the heavyweight banking sector. Banco BPM led the gains, rising 2%, while FinecoBank added 1.9% and UniCredit advanced 1.6%. Outside the financial sector, Prysmian gained 1.7% after Citigroup resumed coverage with a Buy rating and a €136 target price. On the downside, Eni fell 1.1%, tracking lower crude prices, while other laggards included Telecom Italia (-0.6%), Recordati (-1.4%) and Buzzi (-0.9%). Meanwhile, investors braced for a busy week of domestic economic data releases through Friday, alongside the European Central Bank’s policy decision on Thursday. Attention was also focused on Tuesday’s cabinet meeting on the government’s 2027—2029 budget, amid reports that Italy was considering higher taxes on energy companies.