FTSE MIB Muted on Thursday

2026-09-03 08:13 By Kyrie Dichosa 1 min. read

The FTSE MIB was flat to slightly higher at around 51,800 on Thursday, but remained close to its lowest level in five weeks.

Heightened tensions in the Middle East kept investors cautious, although the stabilization in oil prices and bond yields after their sharp gains earlier in the week provided some support to sentiment.

At the sector level, gains were seen in STMicroelectronics (+1.8%), Poste Italiane (+1.3%), Prysmian (+1.3%), and Telecom Italia (+0.9%).

Financials were also mostly in the green, led by Mediobanca (+0.9%), after reports that the ECB is expected to approve by mid-September its merger into MPS.

Banco BPM (+0.6%), Intesa Sanpaolo (+0.5%), and BPER Banca (+0.3%) also advanced.

On the flip side, oil major Eni fell more than 1%, tracking crude prices lower, while defence stock Leonardo was down over 2%.

On the data front, the PMI survey showed that Italy’s services sector expanded at its fastest pace in over three years.



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