The FTSE MIB rose slightly to around 41,260 on Wednesday, hovering near its highest level since mid-2007, as investors focused on earnings, trade talks, and the upcoming FOMC decision. Meanwhile, investors digested data showing Italy’s GDP contracted 0.2% in Q2, reversing Q1’s 0.3% growth and defying forecasts of a 0.2% expansion - the first decline since Q2 2023 - due to weak net exports amid US tariff threats and volatile commodity prices. On the corporate front, Amplifon plunged over 20% after reporting an 8.7% drop in Q2 core profit, while Recordati fell nearly 3% despite a 9.6% rise in H1 profit, as it flagged stronger-than-expected currency headwinds. Still, gains in financials supported the index, including UniCredit (+0.9%), Intesa Sanpaolo (+0.7%), Banco BPM (+1%), and BPER Banca (+1.4%). Other notable risers included Prysmian (+2.1%), Davide Campari-Milano (+1.3%), Saipem (+1.1%), and Iveco Group (+1.9%).