FTSE MIB Hits 3-Month Low

2026-09-15 07:56 By Kyrie Dichosa 1 min. read

The FTSE MIB slid over 1% to around 50,800 on Tuesday, its lowest level in three months, as higher oil prices and rising global bond yields weighed on risk appetite.

Escalating tensions in the Middle East continued to fuel oil-driven inflation concerns, raising expectations of further interest rate hikes by central banks worldwide this year.

Financial stocks bore the brunt of the broad decline as Italian 10-year bond yields rose to levels last seen in late 2023.

UniCredit fell 2.5%, Intesa Sanpaolo declined 1.9%, Assicurazioni Generali dropped 1%, Mediobanca lost 2%, BPER Banca fell 2.4%, and Banca Monte dei Paschi di Siena declined 2.2%.

Other major stocks also traded lower, including Telecom Italia (-1.2%), Enel (-1.4%), Ferrari (-1.4%), and Poste Italiane (-1.6%).

On the flip side, defense stock Leonardo and utility stock Tenaris were resilient, both rising more than 1%.



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FTSE MIB Hits 3-Month Low
The FTSE MIB slid over 1% to around 50,800 on Tuesday, its lowest level in three months, as higher oil prices and rising global bond yields weighed on risk appetite. Escalating tensions in the Middle East continued to fuel oil-driven inflation concerns, raising expectations of further interest rate hikes by central banks worldwide this year. Financial stocks bore the brunt of the broad decline as Italian 10-year bond yields rose to levels last seen in late 2023. UniCredit fell 2.5%, Intesa Sanpaolo declined 1.9%, Assicurazioni Generali dropped 1%, Mediobanca lost 2%, BPER Banca fell 2.4%, and Banca Monte dei Paschi di Siena declined 2.2%. Other major stocks also traded lower, including Telecom Italia (-1.2%), Enel (-1.4%), Ferrari (-1.4%), and Poste Italiane (-1.6%). On the flip side, defense stock Leonardo and utility stock Tenaris were resilient, both rising more than 1%.
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The FTSE MIB plunged 1.7% to 51,629 on Monday, amid mounting concerns over global security that reverberated across sectors. Tech stocks Prysmian (-7.1%) and STMicroelectronics (-6.5%) led the decline after major AI firms called for a slowdown in the boom of capital expenditure on the sector, citing safety concerns. Financial stocks also fell sharply. Expectations of rate hikes by major economies contributed to a surge in sovereign yields, while rising oil prices following the closure of Saudi Arabia’s East-West pipeline added to the pressure. MPS fell 2.9% while stating that its buyout offers for BPM and Banca Generali cannot be revoked if Intesa Sanpaolo’s takeover bid goes through. Defense stocks underperformed as European leaders called for greater investment in Arctic defenses amid pressure from Russia. Meanwhile, Stellantis dropped 2.8% as it considered selling its factory in Toronto, while Prime Minister Carney turned to the EU following the collapse of trade talks with the US.
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