The FTSE MIB Index Closes 1.36% Lower

The FTSE MIB Index fell 674 points or 1.36 percent on Tuesday to close at 48991 points. Leading the losses are STMicroelectronics (-5.40%), Prysmian (-4.92%) and Nexi (-4.26%).

The FTSE MIB fell 1.4% to close at 48,991 on Tuesday, reversing gains from the previous session as hopes for a swift resolution to the US-Iran conflict continued to fade. US President Trump said the truce was “on life support” and rejected Tehran’s latest counterproposal. Oil prices rose and renewed concerns over stagflation. Heavyweight financials traded lower, with UniCredit down 0.9%, Generali losing 1.7%, and Intesa Sanpaolo falling 1.4%. The main exceptions were MPS, which gained 1.5% after reporting strong Q1 2026 results, and Mediobanca (+1.3%), amid plans for a merger with the state bank. Utilities also posted losses, with Enel down 1.6%. Other notable laggards included STMicroelectronics (-5.3%), Leonardo (-2.6%), and Prysmian (-5.2%). Elsewhere, Eni rose 0.9% as higher oil prices supported energy stocks, while Recordati traded lower ahead of its earnings release. On the data front, Italy’s industrial production rose 1.5% year-over-year in March.

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.