The FTSE MIB edged higher on Thursday to close at 39,351, supported by easing geopolitical tensions as the Israel-Iran ceasefire appeared to hold. However, US President Trump’s renewed criticism of the Federal Reserve reignited concerns over central bank independence, while his tariff stance drew renewed focus ahead of a July 9 trade deadline. EU leaders began a summit in Brussels to discuss the Middle East, Ukraine, and US trade policies. On the corporate front, Leonardo jumped 4.3% ahead of Ukraine-related talks. Nexi (+3.3%) and Iveco Group (+2.5%) also advanced. In contrast, Moncler (-2%), Buzzi (-1.8%), and Unipol (-1.8%) saw the steepest losses.