The FTSE MIB Index Closes 0.90% Higher

Milan’s FTSE MIB traded nearly flat at around 49,500 on Wednesday, halting a three-day gain as investors turned cautious ahead of the Federal Reserve’s monetary policy decision later in the day. Domestically, Italian banking consolidation remained in focus after Intesa Sanpaolo received ECB approval to take control of Monte dei Paschi di Siena, clearing a key hurdle for its €32 billion takeover offer. The offer document is expected to receive approval from market regulator Consob early next month. However, Intesa fell 0.5% and MPS lost 0.2%. Investors also assessed corporate earnings, with Stellantis climbing 3.0% after reporting higher third-quarter operating income and reaffirming its full-year guidance. Technoprobe gained 1.6%, while Banco BPM advanced 0.8%. On the downside, Telecom Italia fell 1.4%, while Campari and Brunello Cucinelli lost 1.1% and 1.0%, respectively.

The FTSE MIB Index gained 441 points or 0.90 percent on Tuesday to close at 49628 points. Gains were led by STMicroelectronics (7.26%), Technoprobe (3.76%) and Prysmian (3.18%). Biggest losers were Eni (-2.58%), Davide Campari-Milano (-2.36%) and Moncler (-1.67%).

Milan’s FTSE MIB closed 0.9% higher at 49,628 on Tuesday, recovering from early losses as falling oil prices boosted sentiment across sectors. Tech shares led the rally, with STMicroelectronics (7.1%), Technoprobe (3.4%) and Prysmian (3.3%) extending gains from the previous session. Utilities distributors Snam (2.8%), Italgas (2.4%) and Terna (1.1%) gained as European gas prices remained elevated. However, prices eased mid-session, supporting broader utilities, including Hera (0.7%) and Enel (0.6%). Stellantis gained 0.5% as Canada and the US resumed trade talks on Canadian autos. Financials also moved higher as oil prices fell mid-session, while Milan's bank mergers comes back into focus ahead of MPS shareholders meeting on Thursday. Banco BPM led the sector, rising 2.6%, while its board announced it would skip the meeting. On the downside, ENI lost 2.6%. Luxury shares remain under pressure, with Moncler posting the steepest decline at 2.1%.