FTSE MIB Ticks Lower
2026-06-05 08:01
By
Kyrie Dichosa
1 min. read
The FTSE MIB fell slightly around 50,000 on Friday, following a modest gain in the previous session, with tech-related stocks leading the index lower.
This comes as investor enthusiasm for artificial intelligence eased after a weaker-than-expected earnings report from Broadcom.
Leading the losses were STMicroelectronics, down more than 3%, and Prysmian, which declined 1%.
These were partially offset by gains in most heavyweight financials, including Mediobanca (+1.1%), Bper Banca (+0.5%), Unipol Gruppo (+0.9%), Banca Mediolanum (+0.9%), FinecoBank (+1%), and Banca Monte dei Paschi di Siena (+1.2%).
Meanwhile, the benchmark index is set for a small weekly increase after a volatile week.
The swings were driven by shifting Middle East developments, including an escalation of hostilities in the region and stalled US-Iran negotiations.