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The FTSE MIB gained 0.6% to close at 50,208 on Monday, lifted by strong gains in the banking sector. MPS surged 13%, while Mediobanca, which is set to merge with MPS, soared 12% after Intesa Sanpaolo launched a competing €30.6 billion takeover bid for MPS, just one day after Banco BPM (+0.8%) proposed a merger offer. Intesa Sanpaolo, however, fell 1.4% following the announcement. Luxury stocks also advanced alongside their European peers, with Ferrari gaining 1.8% and Moncler rising 1.1%. Meanwhile, STMicroelectronics climbed 4%, tracking global technology shares higher amid persistent optimism surrounding artificial intelligence. On the downside, UniCredit lost 2%, while Enel fell 0.7% and Stellantis declined 1.1%.

FTSE MIB Rises as Banking M&A Fuels Rally

The FTSE MIB Index went up by 315 points or 0.63 percent on Monday to close at 50208 points. The rise was led by Banca Monte dei Paschi di Siena (12.96%), Mediobanca (12.03%) and Bper Banca (5.18%). On the downside, the weakerst performers were Hera (-1.88%), Buzzi Unicem (-1.74%) and Avio (-1.67%).

The FTSE MIB Index Closes 0.63% Higher

The DAX Index fell 143 points or 0.58 percent on Monday to close at 24616 points. Leading the losses are BASF (-4.18%), Brenntag (-3.45%) and HeidelbergCement (-2.93%). Top gainers were Infineon (2.19%), Adidas (1.92%) and Daimler Truck Holding AG (1.12%).

The DAX Index Closes 0.58% Lower

The CAC 40 Index gained 2 points or 0.02 percent on Monday to close at 8220 points. Gains were led by STMicroelectronics (3.77%), Orange (1.98%) and Hermes International (1.30%). Biggest losers were Saint-Gobain (-3.82%), Bouygues (-1.91%) and Sanofi (-1.33%).

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FTSE MIB Rises as Banking M&A Fuels Rally

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New Zealand Manufacturing Sales YoY

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