The Milan bourse closed 3.7% up Wednesday on the Iran truce.

The FTSE MIB index rose above the 47,000 point mark (to 47,091), like other stock markets, thanks to the truce in Iran.

Prysmian soared 9.79% to new highs, followed by Cucinelli (+8.2%), Buzzi (+7.93%), and Unicredit (+7.88%).

Only Eni (-5.57%) was negatively impacted by the drop in oil prices, as was Tenaris (-1.15%), while the decline in gas prices weighed on Snam (-0.48%).

European stock markets toasted the ceasefire between the US and Iran. Frankfurt ended the session with a 5.06% jump, Paris 4.49%, and London 2.51%. Milan rose 3.7%.