The FTSE MIB index rose 0.5% on Tuesday to close at 40,132, tracking gains across major Euro Area markets, which appeared largely unfazed by the import tariffs announced by US President Donald Trump on 14 mostly Asian countries, set to take effect on August 1 unless agreements are reached. Milan outperformed peers, lifted by UniCredit (+1.6%) and Banco BPM (+3.4%) after Bloomberg reported that the EU is expected to order the Italian government to revoke conditions imposed on their merger deal. A decision could come as early as today; otherwise, the EU may initiate infringement proceedings against Italy for violating EU law. The government will have a chance to respond before a final ruling. Stellantis (+2.5%) and Saipem (+2.3%) also contributed to gains. On the downside, A2A (-1.2%), Unipol (-1.4%), Hera (-0.7%), and Inwit (-0.7%) posted losses.