FTSE MIB Snaps 2-day Rise

2026-01-28 09:05 By Judith Sib-at 1 min. read

The FTSE MIB fell 0.6% to around 45,180 on Wednesday after two days of gains, weighed down by weakness in financial stocks, while traders cautiously await the US Federal Reserve’s policy decision.

The Fed is widely expected to hold rates steady later today, with market participants focusing on Chair Jerome Powell’s remarks for signals on the timing and pace of potential rate cuts this year.

Leading the losses were UniCredit (-1%), Intesa Sanpaolo (-1.2%), Banco BPM (-2.1%), and Bper Banca (-1.8%).

Luxury stocks Moncler (-3.4%) and Brunello Cucinelli (-2%) also underperformed.

On the data front, Italy's manufacturing confidence and consumer sentiment improved in January.



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