Italian Stocks Start November Higher
Milan’s FTSE MIB rose 0.2% to above 49,600 on the first trading day of November, as easing oil prices supported risk sentiment. Brent crude fell below $110 per barrel amid continued diplomatic efforts to resolve the Middle East conflict. Reports also indicated that US President Trump wanted to give diplomacy with Iran more time before potentially resuming military strikes following Tuesday’s midterm elections. Banking stocks led the gains, with UniCredit rising 1.3%, Intesa Sanpaolo gaining 0.7%, BPER Banca advancing 1.0%, Banca Mediolanum adding 0.7%, and FinecoBank climbing 1.6%. Other notable gainers included Buzzi Unicem (1.8%), Davide Campari-Milano (1.1%), Lottomatica (1.4%), and Nexi (1.2%). Meanwhile, Telecom Italia fell 0.7%, Eni lost 0.6%, Prysmian declined 0.7%, and A2A dropped 3.2%
Milan’s FTSE MIB rose 0.2% to above 49,600 on the first trading day of November, as easing oil prices supported risk sentiment. Brent crude fell below $110 per barrel amid continued diplomatic efforts to resolve the Middle East conflict. Reports also indicated that US President Trump wanted to give diplomacy with Iran more time before potentially resuming military strikes following Tuesday’s midterm elections. Banking stocks led the gains, with UniCredit rising 1.3%, Intesa Sanpaolo gaining 0.7%, BPER Banca advancing 1.0%, Banca Mediolanum adding 0.7%, and FinecoBank climbing 1.6%.
Other notable gainers included Buzzi Unicem (1.8%), Davide Campari-Milano (1.1%), Lottomatica (1.4%), and Nexi (1.2%). Meanwhile, Telecom Italia fell 0.7%, Eni lost 0.6%, Prysmian declined 0.7%, and A2A dropped 3.2%