The FTSE MIB rose inched higher to 42,478 on Tuesday, as markets digested corporate news and economic data. Banca MPS rose 0.8% after securing 86.3% of Mediobanca (-6%), increasing the likelihood that MPS will take full control and delist the bank. Investors also focused on luxury fashion as Milan Fashion Week began, with Moncler and Cucinelli adding around 2.5% amid the strong momentum for European luxury brands. Meanwhile, Saipem added 3.6% on the rebound for crude oil prices and STMicroelectronics extended its rally from yesterday with a 3.2% jump. On the data front, the Eurozon's PMI rose to a 16-year high of 51.2, although the OECD projected Italy's economy to grow 0.6% in the next two years due to US tariffs (average 19.5%).