Italy: FTSE MIB Closes Flat.

The Italian FTSE MIB closed the session loosely unchanged at 45,419 on Monday, tracking smaller movements in other European bourses amid the lack of catalysts and thin trading due to holidays in North America and Asia. Heavyweight banks led the gains in the session as the recent pullback in bond yields aided the outlook of credit activity in the Euro Area, with BPER and BPM adding more than 1% each. In turn, stocks in the technology sector fell amid lingering uncertainty on how disruptive AI technology will impact established sectors and concerns that datacenter capacity investments may have been overdone. STMicroelectronics tracked the poor session for companies in AI infrastructure and fell 2%.