FTSE MIB Closes Higher

2026-08-26 15:56 By Larissa Caser 1 min. read

The FTSE MIB rose 0.3% to 52,883 on Wednesday, lifted by prospects for higher defense spending and consolidation talks which continue to overshadow the banking sector.

Banco BPM rose 0.6% after its its board signaled that Banca MPS's (-0.3%) offer did not provide a premium for its shareholders, although no final has been announced.

Generali (1%) is due to convene its board on Thursday to consider MPS’s takeover bid for Banca Generali.

UniCredit gained 2.2% as Germany’s finance minister and CEO Andrea Orcel are set to meet next month to discuss Berlin’s position on the lender’s takeover bid for Commerzbank.

Utilities traded mixed, while defense stocks advanced, led by Fincantieri (2.2%), after the Italian government requested €8 billion from the EU’s SAFE defense funding program.

However, the government has faced pressure to use its fiscal room to soften the impact from rising energy costs linked to the Middle East conflict.



News Stream
FTSE MIB Approaches 4-Week High
The FTSE MIB rose to around 52,400 on Wednesday, approaching a four-week high, as falling oil prices continued to support sentiment and ease some concerns over inflationary pressures. Oil prices declined for a sixth consecutive session as signs of a potential US-Iran agreement raised hopes of an end to the war and the reopening of the Strait of Hormuz. Heavyweight financials were among the top performers, rebounding after coming under pressure in the previous session amid opposition from European banks to proposed EU rules on sovereign exposures. Notable gainers included UniCredit (+1.6%), Intesa Sanpaolo (+1%), Banco BPM (+1.9%) and Banca Monte dei Paschi di Siena (+1.1%). Luxury names also advanced, with Ferrari rising 1.5%, while Moncler and Brunello Cucinelli gained 1.2% and 0.8%, respectively. Utilities shares also traded higher.
2026-09-23
The FTSE MIB Index Closes 0.53% Lower
The FTSE MIB Index dropped 276 points or 0.53 percent on Tuesday to close at 52096 points. Losses were led by Poste Italiane (-4.39%), Finecobank (-3.69%) and Telecom Italia (-3.63%). Offsetting the fall, top gainers were STMicroelectronics (4.47%), Prysmian (2.72%) and Davide Campari-Milano (1.95%).
2026-09-22
FTSE MIB Edges Lower
The FTSE MIB edged down 0.5% to 52,096 on Tuesday, weighed down by heavyweight financials. The banking sector underperformed following a petition signed by major European banks, including Italy’s banking lobby ABI, opposing the EU’s proposal to address the concentration of sovereign exposures among banks. The ABI stated that the measure could negatively affect the public debt market, which is already under pressure from a global sell-off. Banco BPM, Unipol, Mediobanca, Banca Mediolanum, BPER and MPS all fell more than 1%. Poste Italiane fell 4%, leading losses on the index, following its bid for all ordinary shares of Telecom Italia (-3.3%). Utilities also underperformed as European gas prices remained elevated. Meanwhile, tech stocks STMicroelectronics (4.4%) and Prysmian (2.5%) extended gains from the previous session, although Technoprobe fell 0.6% following its positive debut on the index the previous day.
2026-09-22