FTSE MIB Hits 5-Week Low

2026-09-02 08:12 By Kyrie Dichosa 1 min. read

The FTSE MIB extended its decline to around 51,800 on Wednesday, hitting its lowest level in almost five weeks, as escalating Middle East tensions pushed oil prices higher and strengthened concerns over inflation and tighter monetary policy.

The bond sell-off also intensified, with Italian bond yields reaching their highest levels since late 2023, adding pressure on equities.

Domestically, attention remained on banking consolidation, with Intesa Sanpaolo saying it does not expect its buyout offer for MPS to be hampered by the target’s defensive bids or clarifications sought by Consob.

Intesa edged up 0.1%, while MPS slipped 0.2%.

Banco BPM gained 0.2%, while Banca Generali fell 0.5%.

Outside financials, Lottomatica dropped 2% after announcing its takeover of Spain’s Cirsa.

On the data front, Italy’s annual producer inflation picked up to 7.8% in July, the highest level since February 2023.



News Stream
FTSE MIB Hits 5-Week Low
The FTSE MIB extended its decline to around 51,800 on Wednesday, hitting its lowest level in almost five weeks, as escalating Middle East tensions pushed oil prices higher and strengthened concerns over inflation and tighter monetary policy. The bond sell-off also intensified, with Italian bond yields reaching their highest levels since late 2023, adding pressure on equities. Domestically, attention remained on banking consolidation, with Intesa Sanpaolo saying it does not expect its buyout offer for MPS to be hampered by the target’s defensive bids or clarifications sought by Consob. Intesa edged up 0.1%, while MPS slipped 0.2%. Banco BPM gained 0.2%, while Banca Generali fell 0.5%. Outside financials, Lottomatica dropped 2% after announcing its takeover of Spain’s Cirsa. On the data front, Italy’s annual producer inflation picked up to 7.8% in July, the highest level since February 2023.
2026-09-02
The FTSE MIB Index Closes 1.33% Lower
The FTSE MIB Index dropped 698 points or 1.33 percent on Tuesday to close at 51915 points. Losses were led by Poste Italiane (-3.98%), Telecom Italia (-3.38%) and Brunello Cucinelli (-3.33%).
2026-09-01
FTSE MIB Closes Sharply Lower
The FTSE MIB fell 1.3% to 51,915 on Tuesday, as markets assessed the impact on escalating tensions in the Middle East across sectors. Heavyweight financials declined as Eurozone inflation accelerated to 3.3% in August, a nearly three-year high, while rising global bond yields and higher oil prices reinforced expectations of an ECB rate hike next week. In Milan, ongoing banking consolidation remained in focus, with the former Economy Minister Tremonti urging caution over “adventures” in finance. Losses were seen in Intesa Sanpaolo (-1.8%), MPS (-1.4%) and UniCredit (-1%). Utilities remained under pressure as European gas prices climbed to three-year highs. Stellantis fell 2.4% after halting production in Turin due to an engine-component shortage amid stronger-than-expected demand for hybrid vehicles, partly driven by higher fuel prices. On the upside, Tenaris (1.9%) and Eni (1.5%) advanced, tracking higher oil prices as the conflict in the Middle East continued to escalate.
2026-09-01