FTSE MIB Ends Week Lower

2026-07-17 16:09 By Larissa Caser 1 min. read

The FTSE MIB fell 1% to close at 51,882 on Friday, pressured by losses in chips and financial stocks, while monitoring developments surrounding UniCredit's bid for Commerzbank.

UniCredit slipped 2.5% after reports that Berlin is shifting its focus from blocking a takeover to securing key conditions, including preserving Commerzbank's separate stock market listing and protecting the Mittelstand.

UniCredit would likely hold a stake just below 50%, enough to secure a voting majority.

Semiconductor stocks also remained under pressure amid renewed concerns over high valuations and AI-driven overspending.

STMicroelectronics fell 4%, while Prysmian led losses on the index at 4.5%.

Financials weakened as geopolitical tensions raised uncertainty on the market and weighed on the sector, with the BTP-Bund spread rising further to 83 bps.

Unipol, FinecoBank and BMPS all fell more than 1.5%.

For the week, the index recorded a 1.8% decline.



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