FTSE MIB Inches Higher

2026-08-25 16:00 By Larissa Caser 1 min. read

The FTSE MIB edged up 0.3% to 52,720 on Tuesday, as banking mergers remained in focus while sentiment toward AI overspending improved.

Prysmian (2.9%) and STMicroelectronics (0.8%) rebounded amid renewed optimism and ahead of Nvidia’s earnings.

Stellantis added 1.4% as Canada imposed retaliatory tariffs on several US goods.

Banking consolidation remained in focus, with Banco BPM’s (-0.5%) board reaching a unanimous decision regarding the aquisition offer from Banca MPS (0.5%), although a formal statement was still awaited.

Intesa Sanpaolo (0.3%) will decide on approval for a capital increase to finance its takeover bid for MPS in September, while the Italian state said it would not sell its 4.8% stake on MPS.

The Generali (0.5%) board is also expected to meet on Thursday.

Luxury stocks underperformed amid profit-taking across the sector, with Moncler falling 2.2%.

Eni (-1.2%) remained under pressure as Italy considers a tax on windfall energy profits.



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