The FTSE MIB rose 0.2% to close at 40,074 on Tuesday, tracking cautious sentiment across European markets ahead of the ECB’s policy decision on Thursday. Investors reacted to softer-than-expected Eurozone inflation, which has fueled expectations of a 25 bps rate cut. In Italy, consumer behavior has shifted, with 77% of survey respondents adjusting spending due to rising prices. Italy’s HCOB Manufacturing PMI for May declined slightly, suggesting economic momentum may be slowing but remains relatively stable. Meanwhile, the OECD trimmed its global growth outlook, citing mounting fallout from US trade tensions. In Milan, Stmicroelectronics (+3.44%) and Stellantis (+2.58%) led gains, while Mediobanca (-3.04%) was among the session’s top decliners.