FTSE MIB Moves Higher
2026-09-17 15:47
By
Larissa Caser
1 min. read
The FTSE MIB rose 0.8% to 52,386 on Thursday, amid improved sentiment that reverberated across sectors.
Sovereign yields declined as global oil prices fell for a second consecutive session, easing concerns over inflationary pressures and providing relief for banks’ balance sheets.
Additionally, eurozone inflation was revised downward from its preliminary estimate.
Still, inflation remains well above the central bank’s target, with markets pricing in at least another rate hike by year-end.
Financials advanced, led by Mediobanca (1.4%) and Monte Paschi Siena (1.3%).
Utilities extended gains as European gas prices continued to decline, led by Hera (2%).
Luxury stocks also advanced ahead of Milan’s Fashion Week, with Brunello Cucinelli (1.6%) and Moncler (0.6%) rising.
Stellantis gained 2.3% after reports that BYD stated Italy had become a “plan B”, as the Italian automaker remains unwilling to sell any plants.