Bullish
FTSE MIB rises 0.2% to 52,744.76, led by oil stocks; euro strengthens to $1.17.
The FTSE MIB index edged higher, closing at 52,744.76, driven by gains in the oil sector. The euro also strengthened, reaching $1.17, influenced by a decline in global bond yields following the U.S. Treasury's announcement of increased long-dated buyback programs.
Key points
- Oil stocks boost FTSE MIB; Eni shares rise 2.6% following U.S. sanctions on Iran.
- Euro strengthens to $1.17, benefiting from U.S. Treasury's bond buyback announcement.
- Financial stocks mixed; Unicredit up 0.6%, Intesa Sanpaolo up 0.8%, Generali up 0.7%.
- Amplifon shares decline 4.5% after GN Store Nord reports weak Q2 results.
Sources
AI-generated from public news sources. Not financial advice.
