FTSE MIB Falls for 2nd Day
2026-08-19 07:59
By
Judith Sib-at
1 min. read
The FTSE MIB fell 0.2% to below 53,000 in early trading on Wednesday, extending losses from the previous session as elevated global bond yields and higher oil prices continued to weigh on risk appetite.
Investors remained wary as long-term government bond yields reached multi-decade highs, putting pressure on technology and other growth stocks as higher yields increase discount rates and reduce the present value of future earnings.
Adding to this, oil prices hovered near three-week highs as shipping through the Strait of Hormuz remained severely disrupted, raising the risk of prolonged energy supply disruptions that could push inflation higher and keep interest rates elevated for longer.
Tech-related stocks STMicroelectronics fell 1.2%, while Prysmian dropped 1.1%.
Banks also traded lower, notably UniCredit (-1.0%), BPER Banca (-0.8%), and FinecoBank (-1.5%).