The FTSE MIB Index Closes 0.74% Lower

The FTSE MIB Index dropped -323 points or 0.74 percent on Friday to close at 43379 points. Losses were led by Leonardo SpA (-4.13%), Saipem (-2.75%) and STMicroelectronics (-2.75%). Offsetting the fall, top gainers were Infrastrutture Wire (3.83%), Amplifon (1.56%) and Terna Rete Elettrica Nazionale (1.16%).

The FTSE MIB fell 0.7% to close at 43,379 on Friday as US President Trump's announcement of a deadline extension for Iran failed to lift uncertainty. Trump said he would delay planned strikes on Iran's energy infrastructure for another 10 days, extending the pause until April 6th to allow negotiators more time to reach an agreement. Oil prices continued to rise amid war-driven supply concerns, driving inflation fears and lifting bond yields, which pressured financial stocks. UniCredit lost 1.5%, Intesa Sanpaolo fell 0.5%, and BPM dropped nearly 2%. The luxury sector also posted losses, with Ferrari down 0.5%, Moncler falling 2.6%, and Brunello Cucinelli declining 1.9%. Other laggards included Leonardo, down 3.3% as the US appears to seek resolution in Iran, and STMicroelectronics, down 2.7%, as tech stocks experienced a global downturn.

The FTSE MIB fell to around 43,500 on Friday, extending losses from the previous session, as President Trump’s announcement of a deadline extension for Iran failed to lift sentiment. He said he would delay planned strikes on Iran’s energy infrastructure for another 10 days, extending the pause until April 6 to give negotiators more time to reach an agreement. Despite the temporary stand-down, oil prices continued to rise, driving inflation fears. Across the bourse, laggards included Leonardo (-1.4%), STMicroelectronics (-2.3%), and Prysmian (-0.9%). Heavyweight financials were also mostly in the red, as stagflation concerns lifted bond yields and widened the BTP-Bund spread sharply. For the week, the index is heading for a gain of over 1%.