The FTSE MIB rose 0.2% to close at 52,688 on Thursday, extending its record rally on optimism surrounding the interim US-Iran peace agreement. The two countries signed a tentative deal extending the ceasefire by 60 days to allow negotiations on a final agreement. The deal aims the full reopening of the Strait of Hormuz and the easing of shipping restrictions, pushing oil prices lower and reducing concerns over a new wave of global inflation and prolonged high interest rates. Financial stocks traded mixed, with UniCredit up 1.6% and Intesa Sanpaolo gaining 0.9%, while Generali slipped 0.3%, Mediolanum lost 0.7%, and Unipol fell 1.6%. The Fed kept rates unchanged on Wednesday but signaled that further hikes remain possible to curb inflation. Meanwhile, STMicroelectronics jumped 4.2%, tracking gains among semiconductor producers on Wall Street and following its $1.5 billion convertible bond sale announced on Wednesday. Eni fell 3.3% on lower oil quotes.