Milan's FTSE MIB Index Surges 1.29% Amid US-Iran Tensions

The FTSE MIB index in Milan ended Thursday, July 30, up 1.29% at 52,104 points, marking its strongest performance among major Western European benchmarks.

The gain was equivalent to roughly 666 points and capped a session where Italian equities benefited from improving risk appetite following the Federal Reserve's decision to hold US interest rates steady.

The FTSE MIB's outperformance relative to its regional peers reflects its structural composition, which includes a heavily weighted banking sector that has benefited from elevated interest rates and strong lending margins, combined with a substantial energy and industrial component.