FTSE MIB Closes Flat

2026-09-10 15:55 By Larissa Caser 1 min. read

The FTSE MIB closed largely unchanged at 51,807 on Thursday, as investors remained cautious amid rising global oil prices, while the US-Iran war showed no sign of waning, fuelling inflation concerns and pushing sovereign yields higher.

The ECB raised its key policy rate at its September meeting while warning that inflation could remain elevated, increasing bets on further hikes and clouding the outlook for credit demand.

In Milan, the banking game remained in focus as Intesa Sanpaolo (0.1%) shareholders approved the capital increase for the takeover bid of MPS (0.6%), which is set to vote on its defense plan in late October.

In turn, Eni rose 0.4%, tracking higher global oil prices.

Leonardo advanced 2.9% after BNP Paribas upgraded its rating.

Luxury stocks extended their decline from the previous session, led by Moncler (-3.5%).

Stellantis fell 0.5% after the company recalled more than 200,000 vehicles due to a software error.



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