The FTSE MIB Index Closes 0.82% Lower

The FTSE MIB Index decreased 406 points or 0.82 percent on Thursday to close at 49291 points. The decline was led by Davide Campari-Milano (-14.45%), Tenaris (-6.76%) and Saipem (-6.01%). On the upside, the strongest performers were Telecom Italia (3.79%), Poste Italiane (3.06%) and Diasorin (2.20%).

The FTSE MIB fell 0.8% to close at 49,291 on Thursday, trimming gains after reaching a fresh record high at the open, as investors digested mixed corporate earnings. Davide Campari-Milano slumped after Q1 organic revenue missed market expectations, while Tenaris plunged 14.4% despite maintaining profitability, warning that the Iran conflict could weigh on Q2 sales. FinecoBank eased 1.8% after reporting lower first-quarter profit. On the upside, Poste Italiane gained 2.5% after posting higher Q1 profit, while Nexi rose 1.2% on earnings growth. Meanwhile, investors continued to monitor developments in the US–Iran conflict and whether Tehran would accept Washington’s proposal. Eni fell 2.5% as oil prices declined.

The FTSE MIB was slightly lower at 49,600 on Thursday, trimming gains after hitting a fresh record at the open, as investors digested mixed earnings reports. Davide Campari-Milano slumped over 11%, as Q1 organic revenue fell short of market expectations. Tenaris also fell over 5% after maintaining Q1 profitability but warning that the Iran conflict could weigh on Q2 sales. FinecoBank eased 0.5% after reporting lower Q1 profits. On the upside, Poste Italiane rose over 2% after reporting higher Q1 profits, while Nexi gained 0.3% on earnings growth. Meanwhile, traders monitored developments in the US–Iran conflict and whether Tehran would accept Washington’s proposal. President Trump said no agreement had been finalized, calling it “perhaps a big assumption” that Iran would agree, while warning that military strikes could resume at higher intensity if Tehran failed to comply.