The FTSE MIB finished about 0.8% lower at 34,799 on Monday, extending Friday's losses and aligning with broader declines across European peers. Rising energy prices reignited concerns about inflation and a potential delay in rate cuts by the Federal Reserve. The ongoing uncertainty surrounding Trump's presidency also continued to weigh. Traders are now awaiting speeches from various U.S. Federal Reserve officials, key economic data including December inflation, and the start of earnings season, with financial results from major U.S. banks. Among Milan’s equities, Nexi, Prysmian, and Ferrari were the biggest losers, falling between 2.8% and 3.9%. Stmicroelectronics slipped 2.6%, with analysts at Banca Akros forecasting a recovery only in the second half of the year. Conversely, Amplifon surged 2.5% after Intermonte analysts upgraded the stock to “outperform.” Energy stocks also stood out, with Tenaris (+1%), Snam (+1%), and Eni (+0.9%) benefitting from the oil rally.
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