The FTSE MIB Index Closes 0.25% Lower

The FTSE MIB Index fell 118 points or 0.25 percent on Wednesday to close at 47785 points. Leading the losses are Avio (-5.15%), Moncler (-2.64%) and Banco BPM SPA (-2.20%). Top gainers were Saipem (6.17%), Eni (2.39%) and Tenaris (2.17%).

The FTSE MIB lost 0.2% to close at 47,785 on Wednesday, extending losses from the previous session as markets remained cautious on Middle East developments. Although President Trump said he would extend the ceasefire with Iran indefinitely just before its expiration, oil prices climbed following gunfire attacks on container ships in the Strait of Hormuz, which remains closed. Financial stocks fell as the BTP-Bund spread widened and bond yields rose amid fears of energy-driven stagflation and rate hikes, with UniCredit down 2% and Intesa Sanpaolo shedding 0.9%. Meanwhile, Moncler fell 2.7% despite reporting strong Q1 2026 results, as investors took profits ahead of a potential seasonal lull following a rally driven by positive surprises. Conversely, Eni advanced 2.4% on the oil rally ahead of its Friday earnings release, while Saipem led the index with a 6.4% gain after reporting a 23.6% annual rise in Q1 2026 EBITDA.

The FTSE MIB edged lower to around 47,800 on Wednesday, extending losses from the previous session, as markets remained cautious on Middle East developments. President Trump said he would extend the ceasefire with Iran indefinitely, just before its expiration, to allow time for peace talks. He also indicated that no new attacks were planned, although the blockade of the Strait of Hormuz would remain in place. Meanwhile, investors continued to parse fresh corporate earnings. Moncler reported a 12% rise in Q1 revenue in results released late Tuesday, though the index still opened over 1% lower. Saipem climbed more than 2% after posting higher Q1 profits, but cautioned that the closure of Hormuz clouded the outlook. Heavyweight financials were mostly in the red, including UniCredit (-1.6%), Intesa Sanpaolo (-0.8%), Assicurazioni Generali (-1%), and Banco BPM (-1.5%).