FTSE MIB Snaps 2-Day Decline
2026-08-20 08:10
By
Kyrie Dichosa
1 min. read
The FTSE MIB edged higher to around 52,800 on Thursday, snapping a two-day decline and outperforming most of its regional peers.
Global bond yields eased after the US Treasury announced plans to at least double buyback operations for long-dated government bonds, improving the backdrop for risk assets.
Financial stocks mostly traded in positive territory, with UniCredit rising 1%, Intesa Sanpaolo gaining 0.8% and Generali adding 0.7%.
Monte dei Paschi di Siena also advanced 0.7% as its board prepared to discuss potential defensive options against Intesa Sanpaolo’s €36 billion takeover bid.
Autos also gained, with Ferrari up about 1% and Stellantis rising around 0.4%.
Meanwhile, investors remained cautious amid geopolitical uncertainty, as negotiations to resolve the US-Iran conflict remained deadlocked and the Trump administration pursued intensified economic pressure on Tehran.