# The FTSE Mib index was up approximately 4%, trading just below the session highs reached at the open.

*business · news · 2026-04-08 · MarketScreener*

## Key points

- A two-week ceasefire between the U.S. and Iran has triggered a global equity market rebound.
- Brent crude futures fell about 15% to below $95 per barrel after the ceasefire announcement.
- Banking stocks on the FTSE Mib surged, with UNICREDIT up 8.5% and the sector index rising 7%.
- Oil sector stocks dropped sharply, with ENI down 8% and oil service companies also declining.
- Cement and engineering stocks rallied on expectations of post-war reconstruction, with BUZZI and WEBUILD up around 8%.

**Companies:** UNICREDIT, ENI, TENARIS, SAIPEM, STM, STELLANTIS, FERRARI, BUZZI, WEBUILD, CEMENTIR, DANIELI, MAIRE, LEONARDO, FINCANTIERI, BFF BANK, GAS PLUS, I GRANDI VIAGGI
**Countries:** United States, Iran, Italy

[Read the full story on MarketScreener](https://www.marketscreener.com/news/milan-bourse-rallies-on-iran-truce-announcement-banks-and-cyclicals-surge-as-eni-retreats-ce7e50dad181f522)

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