Italian Stocks Rebound from Last Week's Losses

The FTSE MIB was up by 1% to trade above the 34,000 threshold on Monday, driven by easing tensions in the Middle East after Israel successfully defended against a significant air assault by Iran over the weekend.

Reassuring statements from the U.S. about its commitment to averting broader conflict in the region further bolstered market sentiment.

In corporate news, the banking sector exhibited strength, with lending giants Intesa Sanpaolo (+1.8%) and Unicredit (+1.5%) leading the charge.

Additionally, Prysmian stood out with a notable 5% surge following its decision to acquire Encore Wire at a valuation of approximately EUR 3.9 billion.

Conversely, the energy sector experienced a downturn, with Tenaris (-1.8%) and Eni (-1.1%) among the notable decliners.

Meanwhile, Saipem resisted the downward trend, remaining around the flatline, after securing approval to proceed with the Whiptail project in Guyana, valued between USD 750 million and USD 1.5 billion.