The FTSE MIB index rose 0.6% to around 40,400 on Wednesday, extending gains for a third straight session and reaching its highest level in over four weeks. Investors remained focused on shifts in US trade policy and their implications after President Donald Trump unveiled plans to impose a higher-than-expected 50% tariff on copper imports and floated the possibility of levies of up to 200% on pharmaceuticals, though implementation would be delayed by 12–18 months to allow the industry time to adjust. In Europe, Trump said he would probably notify the EU within two days about the tariff rate, while continuing to express frustration over EU taxes and penalties targeting US tech companies. Across the bourse, gains were led by financial stocks, including UniCredit (+2.1%), Intesa Sanpaolo (+1.9%), Banco BPM (+1.6%), Banca Mediolanum (+1.9%), and FinecoBank (+1.1%). Sharp gains were also seen in Prysmian and Stellantis, both advancing nearly 3%.