Milan’s FTSE MIB fell 0.9% to 49,857 on Friday, recovering from prior-session losses as gains in heavyweight financial and defense stocks provided support. Defense stocks led the advance, with Leonardo surging 4.7%, followed by Fincantieri (3.4%) and Avio (1.2%) after Italy’s confirmation that it plans to increase defense spending to 1.6% of GDP in 2027 from 1.3% this year. Financial stocks outperformed, with UniCredit rising 1.4% after the ECB approved its increased stake in Commerzbank, paving the way for a takeover of the German lender, which is expected by the end of the year. Brunello Cucinelli climbed 4.3% after raising its 2026 revenue growth forecast to 12% and reporting double-digit revenue growth in the third quarter, standing out in a luxury industry still grappling with a prolonged slowdown. Campari advanced 2.1%. Moncler, however, fell 2.6% after Santander cut its price target on the stock. Tech stocks remained under pressure, led by Technoprobe (-5.2%).
Italy's main stock market index, the IT40, rose to 49487 points on October 16, 2026, gaining 0.18% from the previous session. Over the past month, the index has declined 5.53%, though it remains 18.51% higher than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from Italy. Historically, the Italy Stock Market Index (IT40) reached an all time high of 54041.80 in August of 2026. Italy Stock Market Index (IT40) - data, forecasts, historical chart - was last updated on October 17 of 2026.
Italy's main stock market index, the IT40, rose to 49487 points on October 16, 2026, gaining 0.18% from the previous session. Over the past month, the index has declined 5.53%, though it remains 18.51% higher than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from Italy. The Italy Stock Market Index (IT40) is expected to trade at 48536.15 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 44642.34 in 12 months time.