FTSE MIB Closes Lower

2026-09-23 16:12 By Larissa Caser 1 min. read

The FTSE MIB fell 0.2% to 51,987 on Wednesday, amid merger talks in Milan, while concerns over the country’s budget deficit weighed on the index.

Italy’s budget deficit was confirmed at 3.1% in 2025, above the EU’s ceiling, raising concerns over increased spending on defense and energy.

However, Italy plans to confirm a commitment to bring its deficit below 3% this year.

Meanwhile, sovereign yields increased following stronger-than-expected PMI data, raising bets of an ECB rate hike.

Financials were mixed following reports that Italy will abstain from a vote at an MPS (0.4%) shareholder meeting to approve the defensive acquisitions of Generali-controlled (2.3%) Banca Generali and Banco BPM (1.2%).

Intesa slipped 0.4%.

On the upside, as global oil prices snapped a streak of consecutive declines, energy stocks advanced, led by Eni (2.8%).

Defense Leonardo (1.1%) and Fincantieri (0.2%) outperformed.

Avio rose 1.9% following upbeat revenue estimates from Intesa.



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