FTSE MIB Rises for 3rd Session

The FTSE MIB rose 0.6% to around 50,585 in early trading on Wednesday, marking a third consecutive session of gains, with most heavyweight stocks supporting the advance despite new US strikes against Iran. Investors appeared to shrug off persistent Middle East tensions after the US launched retaliatory strikes on Iran following the crash of a US Army helicopter. Market participants are now awaiting key US inflation data later in the day for further clues on the Federal Reserve’s policy path. Attention is also on the ECB’s policy decision on Thursday, where policymakers are widely expected to deliver a 25-basis-point rate hike. Among the index’s top performers were Unicredit (+1.4%), Poste Italiane (+1.4%), Leonardo (+1.6%), STMicroelectronics (+2.2%), and Banca Monte dei Paschi di Siena (+1.9%).
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