Milan Bourse Surges as Trump Halts Tariffs

Milan: The Milan stock exchange soared after the opening of trading on Thursday as the international money markets responded positively to US President Donald Trump pausing the hefty tariffs he imposed on imports from many countries.

According to Ansa News Agency, the FTSE Mib index was up 7.8% and many stocks made double-figure gains as investors rushed back to shares that had been subjected to big sell-offs since Trump announced the tariffs last week.

Prysmian was up 13.3%, Stellantis 12.7%, STM 12.8%, Fineco 11.9%, Interpump 11.8% and Mediolanum 11.3%.

UniCredit led the recovery among bank stocks, rising by 11%, followed by Intesa (+10.1%) and Popolare di Sondrio (+9.8%).