FTSE MIB Retreats Over 2%

2026-03-02 08:42 By Kyrie Dichosa 1 min. read

The Italian FTSE MIB dropped more than 2% to around 46,000 in early trading on Monday, retreating from record levels, as rising tensions in the Middle East triggered a broad risk-off move across financial markets.

The downturn followed a wave of US and Israeli strikes on Iran over the weekend, which prompted Tehran to launch counterattacks in the region, deepening geopolitical uncertainty.

Most stocks were in the red, including UniCredit (-4.2%), Intesa Sanpaolo (-4.4%), Ferrari (-2.7%), Assicurazioni Generali (-3.2%), STMicroelectronics (-2.9%), and Banco BPM (-4.2%).

On the upside, oil-related and defense stocks were in the green, with energy firm Eni rising nearly 4% and defense company Leonardo climbing more than 4%.

On the data front, Italy is set to release its February manufacturing PMI and full-year GDP growth for 2025.



News Stream
FTSE MIB Retreats Over 2%
The Italian FTSE MIB dropped more than 2% to around 46,000 in early trading on Monday, retreating from record levels, as rising tensions in the Middle East triggered a broad risk-off move across financial markets. The downturn followed a wave of US and Israeli strikes on Iran over the weekend, which prompted Tehran to launch counterattacks in the region, deepening geopolitical uncertainty. Most stocks were in the red, including UniCredit (-4.2%), Intesa Sanpaolo (-4.4%), Ferrari (-2.7%), Assicurazioni Generali (-3.2%), STMicroelectronics (-2.9%), and Banco BPM (-4.2%). On the upside, oil-related and defense stocks were in the green, with energy firm Eni rising nearly 4% and defense company Leonardo climbing more than 4%. On the data front, Italy is set to release its February manufacturing PMI and full-year GDP growth for 2025.
2026-03-02
FTSE MIB Dips as Italian Financials Tumble
The FTSE MIB fell 0.4% to 47,210 on Friday, retreating from intraday record highs as financials dragged the index lower. MPS plunged 6.8% and Mediobanca dropped 6.2% after MPS unveiled a 2030 profit target of €3.7B and announced plans to acquire Mediobanca’s remaining 14% stake and delist it, prompting PM Meloni to declare the government’s role in MPS “has ended.” UniCredit (-1.8%), Intesa Sanpaolo (-0.8%), BPER (-2.4%), and BPM (-3.0%) also declined. Meanwhile, STMicroelectronics fell 1.5% amid AI-driven tech selloffs. On the upside, Eni rose 1.5% as oil prices surged after stalled US-Iran talks, while Leonardo gained 0.7% on geopolitical tensions.
2026-02-27
The FTSE MIB Index Closes 0.34% Lower
The FTSE MIB Index fell -159 points or 0.34 percent on Friday to close at 47267 points. Leading the losses are Banca Monte dei Paschi di Siena (-6.05%), Mediobanca (-6.02%) and Bper Banca (-2.90%). Top gainers were ERG (4.51%), Prysmian (2.65%) and Saipem (2.64%).
2026-02-27