FTSE MIB Snaps Three-Day Losing Streak

2026-06-25 07:57 By Kyrie Dichosa 1 min. read

The FTSE MIB rose to around 51,800 on Thursday, snapping a three-day losing streak and moving in line with its European peers.

Investor sentiment improved after strong results and upbeat sales guidance from Micron Technology reinforced confidence in AI-related demand.

Semiconductor firm STMicroelectronics led gains of more than 4%, trimming losses from earlier in the week.

Other notable gainers included Prysmian (+1.7%), Buzzi (+0.9%), and A2A (+1.3%).

On the flip side, oil major Eni and defense group Leonardo underperformed the broader market as geopolitical tensions eased and oil prices continued to decline, returning to levels seen before the Iran conflict.

Meanwhile, Saipem secured a major offshore contract worth about $1 billion from Azule Energy, a 50-50 joint venture between Eni and BP, for the Greater PAJ development off the coast of Angola.

Still, Saipem shares fell 0.6%.



News Stream
FTSE MIB Snaps Three-Day Losing Streak
The FTSE MIB rose to around 51,800 on Thursday, snapping a three-day losing streak and moving in line with its European peers. Investor sentiment improved after strong results and upbeat sales guidance from Micron Technology reinforced confidence in AI-related demand. Semiconductor firm STMicroelectronics led gains of more than 4%, trimming losses from earlier in the week. Other notable gainers included Prysmian (+1.7%), Buzzi (+0.9%), and A2A (+1.3%). On the flip side, oil major Eni and defense group Leonardo underperformed the broader market as geopolitical tensions eased and oil prices continued to decline, returning to levels seen before the Iran conflict. Meanwhile, Saipem secured a major offshore contract worth about $1 billion from Azule Energy, a 50-50 joint venture between Eni and BP, for the Greater PAJ development off the coast of Angola. Still, Saipem shares fell 0.6%.
2026-06-25
FTSE MIB Edges Lower
The FTSE MIB declined 0.8% to close at 51,639 on Wednesday, with sentiment weighed down by a combination of defensive sector weakness and ongoing tech pressure. Defense contractor Leonardo extended losses to 5% after reports that Germany is considering cancelling plans for its largest post–World War II warship in favor of purchasing eight smaller frigates from TKMS. Avio followed losing 4.2%. Semiconductor company STMicroelectronics edged lower by 0.5% while Prysmian declined 1.1%, as investors stayed cautious ahead of Micron earnings results for further conclusions on the sector. Contributing to the market decline, Unipol led losses in the banking sector with a 2.6% drop, followed by Banco BPM (-2.1%), UniCredit(-1.4%) and BPER Banca (-1.4%). Elsewhere, Ferrari recorded strong gains of 1.9%. Energy stocks were mixed, with Italgas down 1.2% and Enel 0.3%, and Snam up 1.6%.
2026-06-24
The FTSE MIB Index Closes 0.74% Lower
The FTSE MIB Index fell 385 points or 0.74 percent on Wednesday to close at 51639 points. Leading the losses are Leonardo SpA (-5.05%), Avio (-3.69%) and Eni (-3.28%). Top gainers were Diasorin (3.13%), Ferrari NV (2.06%) and Telecom Italia (1.62%).
2026-06-24