Italian Stocks Rise Further
Milan’s FTSE MIB rose 0.3% to around 51,170 in early trading on Thursday, extending gains from the previous session and hovering at its highest level in a month. Investors weighed expectations for a diplomatic resolution to the US-Iran conflict following the Democrats’ sweeping victory in the US midterm elections. Banks were among the notable gainers, with Intesa Sanpaolo rising 1%, Banco BPM adding 1.1% and FinecoBank advancing 2.7%. Other notable performers included Buzzi (+1.6%), Davide Campari-Milano (+1.6%) and Amplifon (+4%). In contrast, STMicroelectronics dropped 2.1%, while Technoprobe slipped 1.2%, mirroring losses among Asian technology stocks amid concerns that greater Democratic scrutiny could slow AI infrastructure investment in the US.
Milan’s FTSE MIB rose 0.3% to around 51,170 in early trading on Thursday, extending gains from the previous session and hovering at its highest level in a month. Investors weighed expectations for a diplomatic resolution to the US-Iran conflict following the Democrats’ sweeping victory in the US midterm elections. Banks were among the notable gainers, with Intesa Sanpaolo rising 1%, Banco BPM adding 1.1% and FinecoBank advancing 2.7%. Other notable performers included Buzzi (+1.6%), Davide Campari-Milano (+1.6%) and Amplifon (+4%).
In contrast, STMicroelectronics dropped 2.1%, while Technoprobe slipped 1.2%, mirroring losses among Asian technology stocks amid concerns that greater Democratic scrutiny could slow AI infrastructure investment in the US.