The FTSE MIB Index Closes 0.17% Lower

The FTSE MIB Index fell -82 points or 0.17 percent on Monday to close at 47527 points. Leading the losses are Amplifon (-2.89%), Buzzi Unicem (-2.40%) and Stellantis N.V. (-2.39%). Top gainers were Poste Italiane (2.62%), Telecom Italia (2.60%) and Leonardo SpA (2.50%).

The FTSE MIB lost 0.2% to close at 47,532 on Monday amid worsening geopolitical conditions after failed US-Iran negotiations and US Navy preparations to blockade Iranian ports. Oil prices surged, reigniting inflation fears amid supply-shock risks, lifting bond yields and reviving worries over weaker credit demand and potential rate hikes, pressuring financials. UniCredit shed 0.5%, while BPER and BPM each lost nearly 1%. Luxury stocks also declined on rising risk aversion, with Ferrari down 0.8%, Moncler down 2.5%, and Brunello Cucinelli down 2%. In the auto sector, Stellantis fell 2.9%. In contrast, Leonardo gained 2.6% amid escalating Middle East tensions. Elsewhere, Poste Italiane rose 2.6% and TIM advanced 2.5%.

The FTSE MIB dropped nearly 1% to around 47,150 on Monday, trimming gains from last week and moving in line with its European peers, as sentiment weakened amid renewed escalation in US–Iran tensions. The US has announced plans to block access to the Strait of Hormuz following unsuccessful weekend talks between Washington and Tehran, heightening fears of a longer-than-expected conflict. The developments have again pushed oil prices higher. Across the bourse, losses were led by heavyweight financials including UniCredit (-2.1%), Intesa Sanpaolo (-1.3%), Assicurazioni Generali (-0.9%), and Banco BPM (-1.2%). Other laggards included luxury names such as Ferrari (-2%), Moncler (-2.2%), and Stellantis (-2.6%).