FTSE MIB Falls for 4th Session

The FTSE MIB edged lower to around 47,700 on Thursday, extending losses for a fourth straight session as sentiment stayed under pressure from ongoing Middle East tensions. The sustained standoff in the Strait of Hormuz and stalled US–Iran peace talks pushed oil prices higher, upholding inflation concerns. Meanwhile, investors continued to assess a fresh batch of corporate earnings. STMicroelectronics surged more than 7% after reporting first-quarter results above market expectations, signalling signs of recovery in key semiconductor markets and forecasting further growth in the second quarter On the downside, early laggards included luxury names Ferrari (-1.1%), Moncler (-3.5%), and Brunello Cucinelli (-1.6%). Heavyweight financial stocks were also mostly in the red.

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.