The FTSE MIB fell 0.3% to close at 44,485 on Monday, underperforming most European peers due to the heavy impact that losses in defense and financial companies have on the benchmark index. Leonardo dropped 2% after US President Trump said a peace deal in Ukraine was “closer than ever.” Financials also weighed on the index, with UniCredit and Generali down 0.9%, while Intesa Sanpaolo fell 0.6%. In turn, DiaSorin jumped over 3% after the US FDA approved its Liaison NES molecular results scanner, while Nexi advanced securing a deal with Banca Popolare di Sondria over its merchant payments.