The FTSE MIB gained 0.5% to close at 43,128 on Tuesday, extending gains from the prior session with support from banks as markets assessed the outlook of global trade and domestic economic policy.
Presidents Trump and Xi are set to meet Thursday after negotiators cleared a path toward a potential deal, lifting the outlook on global growth.
Domestic growth and credit activity was also boosted by Economy Minister Giorgetti saying Italy is studying ways to channel pension and insurance funds into domestic projects.
Financials led the advance, with Intesa Sanpaolo up 0.9%, while Banca Monte dei Paschi di Siena rose 0.5%.
Also, UniCredit rose nearly 1% after BNP Paribas’ CEO said the bank is open to an asset management partnership with the Italian lender.
Meanwhile, Generali and BPCE are likely to let their planned merger deadline lapse without a binding deal amid Italian opposition.
Utilities also rose, with Enel up 1.3%, Snam 1.3%, and…
