FTSE MIB Edges Higher as Improved Sentiment Boosts Italian Stocks

The Italian stock market index FTSE MIB rose by 0.8% to 52,386 on Thursday, as improved sentiment swept across various sectors.

Declining sovereign yields and falling global oil prices eased concerns over inflationary pressures and provided relief for banks' balance sheets.

Additionally, eurozone inflation was revised downward from its preliminary estimate, which still remains above the central bank's target.

Financials led the advances, with Mediobanca rising 1.4% and Monte Paschi Siena gaining 1.3%, while utilities extended their gains as European gas prices continued to decline.