FTSE MIB rises 0.7%, led by financial stocks; focus on Fed decision

The FTSE MIB gained 0.7% in early Thursday trading, recovering from a near one-month low after the previous session's losses, as investors continued to assess the broader implications of Donald Trump's U.S. presidential election victory.

FTSE MIB rises 0.7%, led by financial stocks; focus on Fed decision

Market participants are now focused on the Federal Reserve's upcoming policy decision, expecting a 25-basis-point rate cut. This could provide further clues about the Fed's inflation and economic growth stance. On the domestic front, Italy's construction sector showed a slight improvement in October, though it remained in contraction for the seventh consecutive month, reflecting ongoing challenges.

FTSE MIB rebounds, led by Unicredit and Poste Italiane; growth concerns persist

Financial stocks were the main drivers of the index's rebound, with Unicredit climbing 1.75% and Poste Italiane rising 1.7%, as investors reacted to positive earnings and outlooks from these key players. Despite some optimism, concerns about economic growth persist, with attention turning to upcoming data releases and global economic conditions.