FTSE MIB Gains on Strong Earnings Outlook
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The FTSE MIB increased by 0.8% to close at 41,935, driven by positive European corporate outlooks after the US-China tariff truce extension and the EU-US trade deal. Second-quarter earnings for European firms are projected to grow 4.8%, up from 3.1%. Notable gainers included STMicroelectronics (+4.4%), Stellantis (+3.2%), Unicredit (+1.5%), and Intesa Sanpaolo (+0.8%), while Campari (-1%) and Generali (-0.5%) saw losses.
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