FTSE MIB Snaps 2-day Rise

2026-02-24 09:03 By Judith Sib-at 1 min. read

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%).



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