FTSE MIB Set for First Weekly Fall in Five

2026-04-24 08:00 By Kyrie Dichosa 1 min. read

The FTSE MIB fell to around 47,400 on Friday, hitting a nearly two-week low, and is now poised for an over 2% weekly decline, the first in five weeks.

The move comes as stalled US–Iran talks and the near closure of the Strait of Hormuz continued to push oil prices higher, weighing on sentiment.

Meanwhile, markets continued to assess corporate updates, with Eni reporting lower first-quarter profit despite higher revenues and production, although its shares still rose 0.4%.

Separately, Monte dei Paschi di Siena CEO Luigi Lovaglio is considering selling a €7.4bn stake in Assicurazioni Generali to help finance a takeover of Banco BPM, reviving Italy’s plan to create a national banking champion through consolidation.

Assicurazioni Generali fell 0.7%, while Banco BPM was flat.

Most financials were also in the red, including UniCredit (-1.6%), Intesa Sanpaolo (-1.3%), and BPER Banca (-1.3%), alongside luxury stocks such as Moncler (-2.9%) and Brunello Cucinelli (-2.6%).



News Stream
FTSE MIB Set for First Weekly Fall in Five
The FTSE MIB fell to around 47,400 on Friday, hitting a nearly two-week low, and is now poised for an over 2% weekly decline, the first in five weeks. The move comes as stalled US–Iran talks and the near closure of the Strait of Hormuz continued to push oil prices higher, weighing on sentiment. Meanwhile, markets continued to assess corporate updates, with Eni reporting lower first-quarter profit despite higher revenues and production, although its shares still rose 0.4%. Separately, Monte dei Paschi di Siena CEO Luigi Lovaglio is considering selling a €7.4bn stake in Assicurazioni Generali to help finance a takeover of Banco BPM, reviving Italy’s plan to create a national banking champion through consolidation. Assicurazioni Generali fell 0.7%, while Banco BPM was flat. Most financials were also in the red, including UniCredit (-1.6%), Intesa Sanpaolo (-1.3%), and BPER Banca (-1.3%), alongside luxury stocks such as Moncler (-2.9%) and Brunello Cucinelli (-2.6%).
2026-04-24
The FTSE MIB Index Closes 0.26% Higher
The FTSE MIB Index went up by 122 points or 0.26 percent on Thursday to close at 47907 points. The rise was led by STMicroelectronics (14.15%), Snam (1.81%) and Saipem (1.27%). On the downside, the weakerst performers were Diasorin (-4.19%), Amplifon (-2.68%) and Moncler (-1.80%).
2026-04-23
FTSE MIB Gains on Energy Rally and Corporate Earnings
The FTSE MIB gained 0.3% to close at 47,907 on Thursday, lifted by energy gains and strong corporate results. The standoff in the Strait of Hormuz and stalled US Iran peace talks pushed oil prices higher, helping Eni rise 1.2%. The company will release its Q1 2026 results tomorrow. STMicroelectronics surged 14.1% after reporting first-quarter results above expectations, signaling recovery in key semiconductor markets and forecasting further growth in the second quarter. Utilities also advanced, with Enel up 1% and Snam gaining 1.6%, while energy-related stocks Prysmian and Tenaris both rose 1.1%. On the downside, most financials traded lower as the oil spike renewed stagflation concerns. The BTP Bund spread widened sharply and bond yields rose; UniCredit lost 1.9% and Intesa Sanpaolo shed 0.9%. Luxury stocks also declined amid risk aversion, with Ferrari down 0.7%, Moncler 2.1%, and Brunello Cucinelli 0.9%.
2026-04-23