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The FTSE MIB fell 0.2% to close at 51,163 on Monday, with losses across most sectors. Buzzi led the decline, dropping 4.8%, followed by Stellantis (-2.8%), Inwit (-2.6%), Nexi (-2.2%), and Amplifon (-1.6%). Insurers also underperformed, with Unipol and Generali falling 1.7% and 1.4%, respectively. Financial companies underperformed after the rebound in BTPs pressured banks' and insurers' balance sheets, with BPER, and Unipol dropping more than 1%. Also, Intesa Sanpaolo dropped 0.9% after officializing its offer for MPS (-0.8%) under the Italian securities officials. On the upside, Avio gained 2.7%, while DiaSorin added 2.4%. Oil prices edged up following recent US-Iran tensions, prompting oil linked firms gains for Saipem (1.8%) and ENI (1.4%). STMicroelectronics advanced 1.6% and Prysmian gained 1.3%, supported by a global AI rally after last week's sell-off. Meanwhile, the market focus will be on ECB's Sintra Forum over the coming days.

FTSE MIB Closes Slightly Lower

The DAX 40 closed about 0.2% down at 24,636 after a volatile session on Monday, extending losses from the previous week, amid Middle East caution. After several days of missile and drone strikes near the Strait of Hormuz, the US and Iran have reportedly agreed to pause attacks, even as disagreements persist over the resumption of talks in Qatar this week. Meanwhile, investors braced for a slate of economic data releases, with inflation in focus, as well as the start of the ECB’s Sintra Forum, where Federal Reserve Chair Kevin Warsh and ECB President Christine Lagarde are scheduled to speak. Heidelberg Materials was the top loser, plunging 9.1% on reduced revenue forecasts from several analyst firms for the building materials group in the second quarter. Deutsche Post also faced heavy pressure, falling 5%, due to insider reports that CEO Tim Höttges is pushing ahead with the merger of Telekom and T-Mobile faster than previously thought,

DAX Closes Lower

European stock indices closed slightly higher on Monday with support from the technology and energy sectors. The Euro STOXX 50 added 0.2% to 6,234 and the STOXX Europe 600 rose 0.1% to 636, remaining close to its record high. Chip producers and companies with exposure to AI software rebounded following their selloff last week, with ASML adding 2.3% and Prosus jumping 2.6%. These tracked gains in the US as markets continued to gauge the appropriate positioning to speculative AI bets as the biggest players upgraded guidance last week. Meanwhile, energy producers rebounded as strikes between the US and Iran over the weekend, halting the sharp retreat in crude oil prices. In turn, banks underperformed as sovereign yields also rebounded in the session. The ECB forum in the coming days will see Governing Council members give hints on whether the central bank could deliver another rate hike this year, as the pullback in energy prices contrasts with the upward momentum for core inflation.

European Stocks Edge Higher

The FTSE MIB Index decreased 102 points or 0.20 percent on Monday to close at 51163 points. The decline was led by Buzzi Unicem (-4.84%), Infrastrutture Wire (-2.87%) and Stellantis N.V. (-2.77%). On the upside, the strongest performers were Avio (2.72%), Saipem (2.37%) and Diasorin (2.37%).

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