The FTSE MIB reversed early gains to close slightly down around 35,090 on Friday, in line with major peers, after the better-than-expected US employment data. The US economy added more jobs than expected in December, while the unemployment rate edged down, suggesting the Fed will delay cutting interest rates. Domestically, November data showed a 0.4% month-on-month decline in Italian retail sales, following a 0.5% drop in October and falling short of expectations for a 0.2% rebound. Among equities, Iveco Group saw a notable drop of roughly 7% on profit-taking after the previous day's gains. Utilities were also under pressure, with A2A and Hera falling 3.2% and 2.2%, respectively. On the flip side, Leonardo (+1.4%) stood out, reaching a daily high of €28 and setting a new historical record, following confirmation from the Minister of Economic Development, Adolfo Urso, of a potential partnership with Baykar on drones. Banks also performed well. For the week, the index rose about 2.8%.