Milan leads European markets as Buzzi, Moncler and STMicroelectronics rise

Milan’s FTSE MIB gained 0.9%, outperforming other major European exchanges, helped by Buzzi, Moncler and STMicroelectronics. Energy stocks fell, while Landi Renzo surged outside the main index.

2 Nov 2026

Milan’s Piazza Affari closed higher on Monday, leading the main European stock markets, which all ended in positive territory amid hopes that negotiations between Iran and the United States could resume. The FTSE MIB rose 0.9%.

Buzzi was the strongest performer on the main index, gaining 6.2%, while Moncler advanced 3.8%. STMicroelectronics rose 3.2% in a positive session for technology stocks. Fineco climbed 2.9%, and both Campari and Lottomatica added 2.6%, with Lottomatica ahead of its results.

Insurance and banking stocks also attracted buying. Unipol increased 2.3% and UniCredit gained 1.8%. Oil-related companies led the declines, with Eni down 2.3%, Saipem falling 1.8% and Tenaris losing 1.7%.

Outside the FTSE MIB, Landi Renzo soared 21% after the company reported that its restructuring plan had become effective. Sogefi rose 9.3% following its results, while Cementis gained 6.7% amid broader buying in cement companies. The Italian Sea Group dropped 5.5% as the financially troubled yacht maker came under pressure.

Sources: ANSA Economia.