FTSE MIB Falls Ahead of Interest Rate Decisions

2026-04-29 16:00 By Isabela Couto 1 min. read

The FTSE MIB fell 0.5% to close at 47,796 on Wednesday as markets braced for upcoming major policy decisions.

The US Fed is expected to hold rates today, while the ECB is expected to do the same tomorrow.

Risk appetite remained subdued amid no signs of easing geopolitical tensions in the Middle East.

Oil prices extended their rally, raising concerns about global inflationary spikes.

Financial stocks traded lower, with Intesa Sanpaolo down 1% and Generali shedding 1.2%.

The utilities sector also underperformed, with Enel down 2.8% and Terna off 1.9%.

Meanwhile, the oil spike lifted energy stocks, with Eni gaining 1% and Prysmian up 0.9% ahead of its earnings report on Thursday.

STMicroelectronics surged 6% as major U.S.

tech companies including Microsoft, Alphabet, Meta, and Amazon are set to report earnings after the close on Wall Street.

On the data front, Italy's consumer confidence hit a three-year low in April, while business morale fell to its lowest level in seven months.



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The FTSE MIB Index Closes 0.51% Lower
The FTSE MIB Index decreased 244 points or 0.51 percent on Wednesday to close at 47796 points. The decline was led by Hera (-3.47%), Enel (-2.79%) and Terna Rete Elettrica Nazionale (-2.39%). On the upside, the strongest performers were STMicroelectronics (5.86%), Nexi (3.14%) and Prysmian (1.30%).
2026-04-29
FTSE MIB Falls Ahead of Interest Rate Decisions
The FTSE MIB fell 0.5% to close at 47,796 on Wednesday as markets braced for upcoming major policy decisions. The US Fed is expected to hold rates today, while the ECB is expected to do the same tomorrow. Risk appetite remained subdued amid no signs of easing geopolitical tensions in the Middle East. Oil prices extended their rally, raising concerns about global inflationary spikes. Financial stocks traded lower, with Intesa Sanpaolo down 1% and Generali shedding 1.2%. The utilities sector also underperformed, with Enel down 2.8% and Terna off 1.9%. Meanwhile, the oil spike lifted energy stocks, with Eni gaining 1% and Prysmian up 0.9% ahead of its earnings report on Thursday. STMicroelectronics surged 6% as major U.S. tech companies including Microsoft, Alphabet, Meta, and Amazon are set to report earnings after the close on Wall Street. On the data front, Italy's consumer confidence hit a three-year low in April, while business morale fell to its lowest level in seven months.
2026-04-29
FTSE MIB Trades Lower
The FTSE MIB fell to around 47,800 on Wednesday, giving back gains from the previous session as markets braced for upcoming major policy decisions. The Federal Reserve is expected to hold rates today, while the ECB is expected to do the same tomorrow. Risk appetite also remained subdued, as geopolitical tensions in the Middle East showed no signs of easing. Reports that President Trump has directed preparations for a prolonged blockade of Iran heightened concerns over deeper disruptions to shipping through the Strait of Hormuz. Heavyweight financials led the losses, retreating from the previous session, including Intesa Sanpaolo (-1%), UniCredit (-0.5%), Banco BPM (-0.9%), BPER Banca (-0.7%), and Mediobanca (-0.7%). Other notable laggards included Enel (-1.1%), Terna (-1.3%), and Moncler (-2.3%). On the data front, Italy’s consumer confidence hit a three-year low in April, while business morale fell to its lowest level in seven months.
2026-04-29