FTSE MIB Inches Lower

2026-09-02 16:13 By Larissa Caser 1 min. read

The FTSE MIB edged down 0.2% to 51,792 on Wednesday, as traders assessed corporate developments against escalating tensions in the Middle East as the US carried out further strikes on Iran.

Utilities remain under selling pressure as European gas prices continue to climb and European countries grapple with low natural gas stockpiles ahead of winter.

Heavyweight financials were mixed while focus remains in merger talks.

Intesa Sanpaolo (-0.2%) stated it does not expect its takeover bid of MPS (-0.2%) to be hampered by defence bids, in an answer to Consob.

Meanwhile, a council meeting in Siena added pressure on the shares from the Ministry of Economy and Finance to defende MPS's integrity, and adding that its headquarters must remain in the region.

Commerzbank's CEO has confirmed direct talks were underway with UniCredit (0.5%).

On the upside, tech stocks outperformed, with STMicroelectronics adding (3.3%) after Citigroup confirmed its buy recommendation of the stock.

Prysmian added 1.7%.



News Stream
FTSE MIB Inches Lower
The FTSE MIB edged down 0.2% to 51,792 on Wednesday, as traders assessed corporate developments against escalating tensions in the Middle East as the US carried out further strikes on Iran. Utilities remain under selling pressure as European gas prices continue to climb and European countries grapple with low natural gas stockpiles ahead of winter. Heavyweight financials were mixed while focus remains in merger talks. Intesa Sanpaolo (-0.2%) stated it does not expect its takeover bid of MPS (-0.2%) to be hampered by defence bids, in an answer to Consob. Meanwhile, a council meeting in Siena added pressure on the shares from the Ministry of Economy and Finance to defende MPS's integrity, and adding that its headquarters must remain in the region. Commerzbank's CEO has confirmed direct talks were underway with UniCredit (0.5%). On the upside, tech stocks outperformed, with STMicroelectronics adding (3.3%) after Citigroup confirmed its buy recommendation of the stock. Prysmian added 1.7%.
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