FTSE MIB Flat as Markets Brace for Fed Cut
2025-12-08 17:12
By
Isabela Couto
1 min. read
The FTSE MIB was flat on Monday in a muted session as investors stayed cautious ahead of a widely expected 25 bp Fed rate cut this week.
A pause would shock markets, shifting attention to potential dissents among increasingly divided policymakers.
Focus also turned to the ECB, with markets now assigning a small chance of a hike next year, after ECB hawk Isabel Schnabel said the next move could be an increase rather than a cut.
Italian financials gained, led by MPS (+4.36%) after a report that Consob found no evidence of a secret pact among its top shareholders to seize control of Mediobanca (+1.7%).
UniCredit and Intesa Sanpaolo rose 0.2%, while BPM added 2% and Unipol 1%.
Leonardo gained 2.1% amid the lack of progress on a Ukraine–Russia peace plan.
On the downside, autos fell, with Ferrari down 3.5% after a Morgan Stanley downgrade and Stellantis down 1.3%.
Utilities also slipped, including Enel (-0.1%), Snam (-1.1%) and Terna (-0.6%).