The FTSE MIB gained 0.6% to close at 50,208 on Monday, lifted by strong gains in the banking sector. MPS surged 13%, while Mediobanca, which is set to merge with MPS, soared 12% after Intesa Sanpaolo launched a competing €30.6 billion takeover bid for MPS, just one day after Banco BPM (+0.8%) proposed a merger offer. Intesa Sanpaolo, however, fell 1.4% following the announcement. Luxury stocks also advanced alongside their European peers, with Ferrari gaining 1.8% and Moncler rising 1.1%. Meanwhile, STMicroelectronics climbed 4%, tracking global technology shares higher amid persistent optimism surrounding artificial intelligence. On the downside, UniCredit lost 2%, while Enel fell 0.7% and Stellantis declined 1.1%.