由于投资者继续关注中东的地缘政治发展，富时MIB指数周四小幅下跌至39270点左右，表现逊于欧洲同行。美国和伊朗官员计划下周举行会谈，旨在遏制德黑兰的核计划，而伊朗和以色列之间的停火协议仍然有效。在企业方面，Stellantis开始审查其长期战略计划，但其股价仍下跌超过1%。其他值得注意的下跌股包括泰纳瑞斯和Saipem，均下跌超过1%。从好的方面来看，北约决定到2035年将国防开支目标从GDP的2%提高到5%，这引发了欧洲国防股的反弹，莱昂纳多上涨了2%以上。

The FTSE MIB edged lower to around 39,270 on Thursday, underperforming its European peers, as investors continued to monitor geopolitical developments in the Middle East. US and Iranian officials are scheduled to hold talks next week aimed at curbing Tehran’s nuclear program, while the ceasefire between Iran and Israel remains in place. On the corporate front, Stellantis began reviewing its long-term strategic plan, but its shares still fell over 1%. Other notable decliners included Tenaris and Saipem, both down more than 1%. On the upside, the NATO’s decision to raise defense spending targets from 2% to 5% of GDP by 2035 sparked a rally in European defense stocks, with Leonardo gaining over 2%.

周三，富时MIB指数小幅跌破39500点，与欧洲整体跌幅一致，因为投资者追踪了北约峰会的进展以及以色列和伊朗之间脆弱的停火。在美国总统特朗普的压力和对俄罗斯日益增长的担忧之后，北约领导人同意将国防开支目标提高到GDP的5%。特朗普对美国支持该联盟的态度令人放心。在米兰，银行股拖累指数下跌，Bper Banca（-1.7%）、Banca Popolare di Sondrio（-1.5%）、Unicredit（-1.5%”）和Banco BPM（-1.1%”）均下跌。相比之下，Stellantis股价上涨4.5%，此前杰富瑞将其股票评级上调至“买入”并提高了目标价，理由是新任首席执行官可能会恢复盈利。法拉利也因第二季度收入和利润率增长的预期而上涨3.1%。此外，北约成员国国防开支增加的确认也使莱昂纳多的股价上涨了2%以上

The FTSE MIB edged down below 39,500 on Wednesday, in line with broader European losses as investors tracked NATO summit developments and the fragile ceasefire between Israel and Iran. NATO leaders agreed on a higher defense spending goal of 5% of GDP, following pressure from US President Trump and growing concerns over Russia. Trump struck a reassuring tone on US support for the alliance. In Milan, bank shares dragged the index lower, with Bper Banca (-1.7%), Banca Popolare di Sondrio (-1.5%), Unicredit (-1.5%), and Banco BPM (-1.1%) all down. In contrast, Stellantis jumped 4.5% after Jefferies upgraded the stock to “Buy” and raised its price target, citing a likely earnings recovery under the new CEO. Ferrari also gained 3.1% on expectations of second-quarter revenue and margin growth. Also, confirmation of increased defense spending for NATO members also lifted Leonardo shares by more than 2%

周三，富时MIB指数略高于39500点，在前一交易日超过1%的涨幅基础上小幅上涨，因为伊朗-以色列停火的明显稳定有助于缓解一些地缘政治担忧。投资者也在密切关注北约峰会国防开支的发展，并期待美联储主席杰罗姆·鲍威尔即将在美国参议院作证。在国内方面，交易员等待本周晚些时候公布的关键经济数据，包括商业和消费者信心、工业销售和PPI通胀。在整个股市中，汽车制造商法拉利和Stellantis领涨，均上涨近4%，而国防公司莱昂纳多上涨2.4%。不利的一面是，Nexi和Bper Banca是最大的落后者，各自下跌约1%。

The FTSE MIB rose slightly above 39,500 on Wednesday, modestly building on the previous session’s over 1% gain, as the apparent stability of the Iran-Israel ceasefire helped ease some geopolitical concerns. Investors are also closely monitoring the NATO summit for developments on defense spending and looking ahead to Federal Reserve Chair Jerome Powell’s upcoming testimony before the US Senate. On the domestic front, traders await key economic data due later this week, including business and consumer confidence, industrial sales, and PPI inflation. Across the bourse, gains were led by automakers Ferrari and Stellantis, both rising nearly 4%, while defense company Leonardo added 2.4%. On the downside, Nexi and Bper Banca were the biggest laggards, each falling around 1%.

在米兰，富时MIB指数周二上涨634点，涨幅1.63%。锡耶纳银行（7.03%）、Buzzi Unicem（6.78%）和Mediobanca（4.70%）领涨。

In Milan, the FTSE MIB Index rose 634 points or 1.63 percent on Tuesday. Leading the gains are Banca Monte dei Paschi di Siena (7.03%), Buzzi Unicem (6.78%) and Mediobanca (4.70%).