The FTSE MIB built momentum to close about 1.7% higher at 38,655 on Friday, mirroring gains in European markets, fueled by optimism about the investment plan of German Chancellor-in-waiting Friedrich Merz and hopes for a resolution in Ukraine. Meanwhile, the ongoing tariff war remained a major concern. On the corporate front, Iveco Group stood out with a 7.2% surge after announcing the expansion of its electric van lineup with two models produced by Stellantis. Leonardo rose 7.1%, fueled by expectations of increased European defense spending and media reports of a new order from Airbus. UniCredit rose 3.3% after receiving ECB approval to acquire up to 29.9% of Commerzbank, though it still awaits German antitrust approval and plans to engage with the new German government once formed. On the downside, Diasorin fell 2.7% to the bottom of the list after reporting its 2024 results and 2025 guidance. For the week, the index rose about 0.2%.
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