Milan closes higher after uncertainties about Hormuz
The short version
The Milan Stock Exchange closed up 0.44% after days of uncertainties related to tensions in the Middle East. The Ftse Mib Index has accumulated +3.25% since the beginning of the week despite fears for the stability of the Strait of Hormuz.
The Ftse Mib index of the Milan Stock Exchange closed up 0.44% on August 6, 2026.3 The weekly rise of the Ftse Mib reached +3.25% at the close of August 6.3 In London, the main index fell 0.19% on the same day.3
The European Stock Exchanges toned down the positive tones towards the end of the session on 6 August.1 Uncertainties over negotiations for a Strait of Hormuz agreement have affected European markets.1 Wall Street, on the other hand, maintained a positive trend during the same day.1
The price of Tenaris fell by 7% after the publication of the company accounts.3 The European Central Bank has reported that the impact of energy on prices is still coming.2 According to the ECB, rising energy prices weigh more heavily on low-income households.2
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