FTSE MIB Falls Over 1%
2026-05-12 07:52
By
Kyrie Dichosa
1 min. read
The FTSE MIB fell over 1% to around 49,000 on Tuesday, giving back gains from the previous session, as hopes for a swift resolution to the US–Iran war continued to fade.
This followed comments from US President Donald Trump, who said the truce is “on life support” and rejected Tehran’s latest counterproposal as “unacceptable.” The development pushed oil prices higher and kept fears of inflationary pressures and concerns over economic growth.
Heavyweight financials were among the early laggards, including UniCredit (-1.9%), Intesa Sanpaolo (-1.6%), Assicurazioni Generali (-1.2%), Banco BPM (-1.1%), BPER Banca (-2.0%), and FinecoBank (-1.1%).
Auto stocks were also notably lower, with Ferrari (-2%) and Stellantis (-2.2%).
On the data front, Italy’s industrial production rose 1.5% year-on-year in March, marking the strongest increase in three months.