Italy: Market Remains Pressured by Geopolitical Tensions.

The FTSE MIB fell 0.7% to close at 43,379 on Friday as US President Trump's announcement of a deadline extension for Iran failed to lift uncertainty. Trump said he would delay planned strikes on Iran's energy infrastructure for another 10 days, extending the pause until April 6th to allow negotiators more time to reach an agreement. Oil prices continued to rise amid war-driven supply concerns, driving inflation fears and lifting bond yields, which pressured financial stocks. UniCredit lost 1.5%, Intesa Sanpaolo fell 0.5%, and BPM dropped nearly 2%. The luxury sector also posted losses, with Ferrari down 0.5%, Moncler falling 2.6%, and Brunello Cucinelli declining 1.9%. Other laggards included Leonardo, down 3.3% as the US appears to seek resolution in Iran, and STMicroelectronics, down 2.7%, as tech stocks experienced a global downturn.