FTSE MIB Rises Ahead of ECB Decision
2026-06-11 07:58
By
Kyrie Dichosa
1 min. read
The FTSE MIB rose to around 50,400 on Thursday, recouping losses from the previous session as attention shifted to the European Central Bank's policy announcement due later in the day.
Markets are expecting a 25-basis-point rate increase, which would mark the first hike since 2023.
Investors also remained focused on escalating tensions in the Middle East after the US military confirmed strikes in Iran, Israel reported missile launches from Lebanon, and Kuwait closed its airspace over concerns related to Iranian offensives.
Across the bourse, technology-related stocks helped underpin gains, tracking an attempted recovery in regional semiconductor shares.
STMicroelectronics gained more than 3%, while Prysmian advanced over 2%.
Other notable gainers included banks UniCredit (+1.1%) and Intesa Sanpaolo (+1%), defense group Leonardo (+1.6%), and luxury brands Moncler (+1.8%) and Brunello Cucinelli (+2%).