FTSE MIB Falls for Third Session

2026-05-28 08:10 By Kyrie Dichosa 1 min. read

The FTSE MIB fell to around 49,400 on Thursday, declining for a third consecutive session, as sentiment remained weighed by persistent tensions in the Middle East.

Both the US and Iran reportedly conducted fresh strikes, raising doubts over the prospects of a concrete agreement and sustaining volatile movements in oil prices.

Heavyweight financials were mixed, with losses in UniCredit (-0.9%), Intesa Sanpaolo (-1.1%), Assicurazioni Generali (-1.2%), Unipol Gruppo (-1.8%), and FinecoBank (-1.3%).

Meanwhile, Mediobanca (+1.1%) and Banca Monte dei Paschi di Siena (+0.8%) were in the green.

Defense stocks also advanced, with Leonardo leading gains, up nearly 3%, while Avio rose nearly 5%.

On the data front, Italy’s consumer confidence improved to a three-month high and came in better than expected in May, while business sentiment was unchanged but still ahead of forecasts for a slight weakening.



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FTSE MIB Falls for Third Session
The FTSE MIB fell to around 49,400 on Thursday, declining for a third consecutive session, as sentiment remained weighed by persistent tensions in the Middle East. Both the US and Iran reportedly conducted fresh strikes, raising doubts over the prospects of a concrete agreement and sustaining volatile movements in oil prices. Heavyweight financials were mixed, with losses in UniCredit (-0.9%), Intesa Sanpaolo (-1.1%), Assicurazioni Generali (-1.2%), Unipol Gruppo (-1.8%), and FinecoBank (-1.3%). Meanwhile, Mediobanca (+1.1%) and Banca Monte dei Paschi di Siena (+0.8%) were in the green. Defense stocks also advanced, with Leonardo leading gains, up nearly 3%, while Avio rose nearly 5%. On the data front, Italy’s consumer confidence improved to a three-month high and came in better than expected in May, while business sentiment was unchanged but still ahead of forecasts for a slight weakening.
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The FTSE MIB Index decreased 321 points or 0.64 percent on Wednesday to close at 49579 points. The decline was led by Saipem (-4.51%), Tenaris (-3.24%) and STMicroelectronics (-3.19%). On the upside, the strongest performers were Moncler (4.98%), Avio (4.91%) and Stellantis N.V. (4.64%).
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The FTSE MIB shed 0.6% to close at 49,579 on Wednesday in a cautious session for European stock markets despite the sharp drop in oil prices amid reports of an unofficial draft of a US-Iran interim peace deal. According to the text, Iran would commit to restoring commercial traffic in the Strait of Hormuz to pre-war levels within a month, while the US would withdraw military forces from the vicinity of Iran and lift the naval blockade. It remains unclear whether the US has agreed to the terms. The BTP-Bund spread narrowed slightly, while financials traded mixed, with UniCredit down 0.5% and Intesa Sanpaolo up 1.4%. Utilities also traded lower, with Enel losing 2.4%. Eni retreated 2.8% and Prysmian shed 2.5% as oil prices declined. Meanwhile, Stellantis rose 3.8% after peer Volvo Cars obtained approval from US authorities to continue operating in the American market.
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