FTSE MIB Falls Nearly 1%

2026-03-11 08:46 By Kyrie Dichosa 1 min. read

The FTSE MIB fell nearly 1% to around 44,700 on Wednesday, reversing gains from the previous session and tracking its European peers.

Tensions with Iran remain high, with no signs of de-escalation, while mixed messages from the US government add to market uncertainty.

President Donald Trump has taken a tougher stance, and Defense Secretary Pete Hegseth warned that yesterday could be “our most intense day of strikes.” ECB Governing Council member Peter Kazimir noted that the conflict and its inflationary risks could accelerate interest-rate hikes, prompting earlier tightening than expected.

Most Italian stocks were subdued, notably Unicredit (-1.6%), Intesa Sanpaolo (-0.8%), and Enel (-1.1%).

On the upside, Banca Monte dei Paschi di Siena (+2%) and Mediobanca (+4%) rallied after agreeing on merger terms expected to complete by year-end, with Mediobanca slated for delisting.



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