FTSE MIB Kicks Off the Week Lower

2026-04-20 08:04 By Kyrie Dichosa 1 min. read

The FTSE MIB fell to around 48,400 on Monday, giving up some of last week’s gains and easing slightly from its record high as markets weighed renewed tensions in US–Iran relations.

Sentiment weakened after the US Navy intercepted and boarded an Iranian-flagged cargo vessel, reversing earlier signs of de-escalation.

Just days earlier, Iran’s foreign minister had said the Strait would remain open to commercial shipping during the 10-day Israel–Lebanon ceasefire, which had briefly eased concerns.

However, uncertainty has returned, with no confirmation yet on whether US and Iranian officials will meet before the ceasefire expires on Tuesday.

These latest developments have pushed oil prices higher, reviving worries about inflation and the wider economic outlook.

Losses were led by heavyweight financials, including UniCredit (-4.9%), Intesa Sanpaolo (-2.3%), Banco BPM (-4.9%), Mediobanca (-2.8%), and Banca Mediolanum (-4.6%).



News Stream
FTSE MIB Kicks Off the Week Lower
The FTSE MIB fell to around 48,400 on Monday, giving up some of last week’s gains and easing slightly from its record high as markets weighed renewed tensions in US–Iran relations. Sentiment weakened after the US Navy intercepted and boarded an Iranian-flagged cargo vessel, reversing earlier signs of de-escalation. Just days earlier, Iran’s foreign minister had said the Strait would remain open to commercial shipping during the 10-day Israel–Lebanon ceasefire, which had briefly eased concerns. However, uncertainty has returned, with no confirmation yet on whether US and Iranian officials will meet before the ceasefire expires on Tuesday. These latest developments have pushed oil prices higher, reviving worries about inflation and the wider economic outlook. Losses were led by heavyweight financials, including UniCredit (-4.9%), Intesa Sanpaolo (-2.3%), Banco BPM (-4.9%), Mediobanca (-2.8%), and Banca Mediolanum (-4.6%).
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The FTSE MIB surged 1.7% to close at 48,844 on Friday, hitting a record high after Iran declared the Strait of Hormuz open. Foreign Minister Abbas Araghchi confirmed full commercial access during the ceasefire. Oil prices plunged and bond yields fell, lifting financials. UniCredit rose 3.8%, Intesa Sanpaolo added 3.1%, MPS gained 4.2%, and Mediobanca advanced 5.2%. Luxury stocks gained in the lower-risk environment, Ferrari gained 5.2%, Moncler advanced 2.9%, and Brunello Cucinelli added 4.3%. Elsewhere, Stellantis jumped 6.8% on a new five-year AI partnership with Microsoft, while STMicroelectronics rose 6.5% on a positive Mizuho outlook. In contrast, Eni slumped 7% on falling oil prices.
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