FTSE MIB Extends Gains

2026-02-23 08:57 By Kyrie Dichosa 1 min. read

Italy’s FTSE MIB rose 0.6% to around 46,700 in early trading on Monday, moving toward record levels and outperforming its European peers.

The index was led higher by utility stock Enel, which climbed more than 5% following reports that it has outlined a €53 billion investment plan for 2026–28 aimed at accelerating growth across grids, renewables, and customer operations.

Heavy financials were also mostly in the green, including Unicredit (+0.6%), Banco BPM (+1.1%), Bper Banca (+0.8%), and Banca Mediolanum (+0.8%).

Meanwhile, investors assessed renewed uncertainty surrounding US tariffs after President Donald Trump said on Saturday that the temporary tariff rate on US imports from all countries would be raised to 15% from 10%, following the US Supreme Court’s blocking of broader tariff measures a day earlier.

On the data front, the final January CPI reading confirmed that inflation at 1% was the lowest since October 2024.



News Stream
Italian Stocks Retreat Slightly on Bank Losses
The FTSE MIB inched down by 0.1% to close at 46,652 on Tuesday, underperforming other European benchmarks as sharp losses for banks offset a positive session for other sectors. The US started enforcing 10% tariffs on the EU under its new scheme, below yesterday's threat of 15%, but still prompting the EU to freeze ratification of its US trade pact over the weekend. Financials lagged, with UniCredit down 1.3% and Intesa Sanpaolo falling 1.7%. On the other hand, Ferrari gained 4% to erase losses from yesterday and TIM inched higher ahead of its earnings
2026-02-24
The FTSE MIB Index Closes 0.13% Lower
The FTSE MIB Index fell -60 points or 0.13 percent on Tuesday to close at 46639 points. Leading the losses are Bper Banca (-2.76%), Banco BPM SPA (-2.38%) and Banca Monte dei Paschi di Siena (-2.28%). Top gainers were Ferrari NV (4.41%), Leonardo SpA (2.14%) and Pirelli (1.92%).
2026-02-24
FTSE MIB Snaps 2-day Rise
The FTSE MIB fell 0.5% to around 46,450 in early trading on Tuesday, ending a two-day gain amid renewed trade concerns after US President Trump's new 10% global tariff went into effect today. On Monday, Trump warned that higher tariffs could be imposed on countries that “play games” with recent trade agreements. His warning comes as the EU froze the ratification of its trade deal with Washington, while India also postponed scheduled talks with the US. Financial stocks led the market downturn, with notable losses in UniCredit (-2%), Intesa Sanpaolo (-2.2%), Banco BPM (-1.8%), BPER Banca (-2.7%), and Banca Monte dei Paschi di Siena (-2.1%).
2026-02-24