FTSE MIB Edges Up

2026-07-22 07:54 By Kyrie Dichosa 1 min. read

The FTSE MIB edged higher to around 52,300 on Wednesday, loosely extending gains from the previous session, driven by advances in energy and financial shares.

Oil majors led the gains, with Eni rising 1.4%, Tenaris adding 1.6%, and Saipem gaining over 2%, tracking higher crude prices, which climbed about 4%.

Financial stocks were also broadly firmer, including Unipol Gruppo (+1.7%), Mediobanca (+0.7%), Banca Mediolanum (+0.6%), and Banca Monte dei Paschi di Siena (+1%).

On the downside, technology shares underperformed, with Prysmian and STMicroelectronics each declining 1.0%, as traders awaited key earnings results from Alphabet and Tesla later in the day.

Auto and luxury shares also came under pressure, with losses from Ferrari (-0.9%), Stellantis (-0.6%), Moncler (-1.9%), and Brunello Cucinelli (-0.8%).



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2026-07-22
FTSE MIB Edges Up
The FTSE MIB edged higher to around 52,300 on Wednesday, loosely extending gains from the previous session, driven by advances in energy and financial shares. Oil majors led the gains, with Eni rising 1.4%, Tenaris adding 1.6%, and Saipem gaining over 2%, tracking higher crude prices, which climbed about 4%. Financial stocks were also broadly firmer, including Unipol Gruppo (+1.7%), Mediobanca (+0.7%), Banca Mediolanum (+0.6%), and Banca Monte dei Paschi di Siena (+1%). On the downside, technology shares underperformed, with Prysmian and STMicroelectronics each declining 1.0%, as traders awaited key earnings results from Alphabet and Tesla later in the day. Auto and luxury shares also came under pressure, with losses from Ferrari (-0.9%), Stellantis (-0.6%), Moncler (-1.9%), and Brunello Cucinelli (-0.8%).
2026-07-22