FTSE MIB Ends Higher
2026-07-24 15:54
By
Larissa Caser
1 min. read
The FTSE MIB rose 0.9% to 51,802 on Friday with support from financial stocks following a slight pullback in energy prices.
Financials led gains, with BPER Banca rising 2.8% as sovereign bond yields stabilized following a retreat in oil prices, easing inflation concerns and offsetting the impact of newly announced US global tariffs.
Intesa Sanpaolo, Banco BPM, Mediobanca, and BMPS all gained more than 2%.
UniCredit advanced 1.5% after Commerzbank confirmed that discussions will resume next month, following the Italian lender's acquisition of a likely controlling stake, helping alleviate investor concerns over delays to its share buyback program.
STMicroelectronics fell 2.4%, extending a near 18% plung in the last session after missing estimates, with AI overspending concerns continuing to weigh.
Poste Italiane led declines, falling 3.7%, followed by Telecom Italia (-2.7%), after Poste unveiled plans for a new AI-focused data centre in partnership with the telecom operator.