FTSE MIB Rises on Utilities and Energy
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The FTSE MIB increased by 0.5% to close at 46,636, driven by gains in utilities and energy stocks, with Eni rising 1.4% due to higher oil prices. Utilities outperformed, with Enel up 1.3%, Snam up 2.4%, and Terna up 2.3%. Luxury stocks also saw gains, led by Ferrari (+2.5%) and Brunello Cucinelli (+3.5%). Financials were mixed ahead of earnings, while Italy's inflation estimate for January was 1.0%, matching expectations.
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