FTSE MIB Edges Lower

2026-08-24 15:54 By Larissa Caser 1 min. read

The FTSE MIB edged down 0.2% to 52,542 on Monday, as macroeconomic developments weighed on the index.

US Treasury Secretary Scott Bessent is set to outline details of the latest US pressure campaign against Iran, while the US President has threatened sanctions on Iran’s trading partners.

Meanwhile, six EU countries proposed discussions in September on a mechanism to tax oil companies’ windfall profits, weighing on Eni (-2.5%).

The collapse of the US-Canada trade deal also pressured Stellantis (-4.8%), after Washington pledged to double tariffs on Canadian vehicles and parts from January 2027.

Prysmian (-5.2%) and STMicroelectronics (-2%) fell ahead of Nvidia’s earnings.

Banks mostly advanced, with MPS's (0.4%) bid remaining in focus, while Banco BPM (-2.3%) declined ahead of a meeting tomorrow to discuss MPS’s offer.

Utilities also outperformed, led by A2A (0.8%), while TotalEnergies is considering projects in Norway that could potentially increase Europe's natural gas supply.



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