FTSE MIB Down From Record High on US-Iran Tensions

2026-05-26 15:58 By Isabela Couto 1 min. read

The FTSE MIB fell 0.6% to close at 49,899 on Tuesday, pulling back after a record high in the previous session as renewed military action weakened hopes for a US-Iran peace agreement.

The US and Israel carried out targeted strikes in Iran, renewing uncertainty over the reopening of the Strait of Hormuz and reviving concerns about prolonged inflation driven by elevated energy prices.

ECB board member Isabel Schnabel said the ECB should proceed with a June rate hike even if tensions ease.

Financials traded lower, with UniCredit down 0.8%, Intesa Sanpaolo losing 0.6%, and Generali shedding 1.2% after unveiling Redion, its new global care platform brand.

Ferrari plunged 8.4% after investors reacted negatively to its new Luce electric car.

STMicroelectronics rose 3.1% as chipmakers continued to benefit from the AI boom in the US, while Eni gained 0.6% on oil supply concerns.



News Stream
The FTSE MIB Index Closes 0.64% Lower
The FTSE MIB Index fell 321 points or 0.64 percent on Tuesday to close at 49899 points. Leading the losses are Ferrari NV (-7.71%), Brunello Cucinelli (-2.93%) and Nexi (-2.19%). Top gainers were STMicroelectronics (3.19%), Avio (2.71%) and Leonardo SpA (1.54%).
2026-05-26
FTSE MIB Down From Record High on US-Iran Tensions
The FTSE MIB fell 0.6% to close at 49,899 on Tuesday, pulling back after a record high in the previous session as renewed military action weakened hopes for a US-Iran peace agreement. The US and Israel carried out targeted strikes in Iran, renewing uncertainty over the reopening of the Strait of Hormuz and reviving concerns about prolonged inflation driven by elevated energy prices. ECB board member Isabel Schnabel said the ECB should proceed with a June rate hike even if tensions ease. Financials traded lower, with UniCredit down 0.8%, Intesa Sanpaolo losing 0.6%, and Generali shedding 1.2% after unveiling Redion, its new global care platform brand. Ferrari plunged 8.4% after investors reacted negatively to its new Luce electric car. STMicroelectronics rose 3.1% as chipmakers continued to benefit from the AI boom in the US, while Eni gained 0.6% on oil supply concerns.
2026-05-26
FTSE MIB Declines
Italy’s FTSE MIB fell to around 50,000 on Tuesday, after hitting a fresh record in the previous session, as optimism over a US–Iran deal was tempered by signs of setbacks in negotiations and continued mixed signals from both sides. Tensions rose following reported military strikes in the region, described by US forces as “self-defense” operations. The developments came shortly after comments from President Trump suggesting progress in talks with Tehran on a potential interim agreement. The renewed uncertainty adds upward pressure to oil prices. Across the bourse, the leading decliner was Ferrari, which shed nearly 6% shortly after the launch of its first fully electric vehicle. Other notable laggards included luxury names Moncler and Brunello Cucinelli, down 1.9% and 2.6% respectively. Generali also fell 0.9% after unveiling Redion, the group’s new global care platform brand.
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