Italian Stocks Inch Higher

2026-10-28 16:56 By Larissa Caser 1 min. read

Italy’s FTSE MIB extended gains, closing 0.4% higher at 49,824 on Wednesday, supported by a 15.4% surge in Stellantis after the automaker reaffirmed its 2026 outlook and expressed confidence in its cost-cutting efforts.

Meanwhile, Italy approved its 2027 budget bill, which is expected to include contributions from the financial and energy sectors.

Energy stocks outperformed amid higher oil prices, with Saipem rising 0.4% and Tenaris gaining 1.3%, while Eni added 1.6% as it continued its buyback program.

Banks traded mostly flat, although MPS (-0.7%) and Intesa (-0.5%) fell more sharply after the ECB approved Intesa’s takeover of MPS.

The offer document is expected to receive Consob approval early next month.

Banca BPM rose 1.3%, while utilities advanced, led by Hera (+0.5%).

Technoprobe and Prysmian gained 1.7% and 1.4%, respectively.

On the downside, Telecom Italia fell 1.5%, while Campari and Brunello Cucinelli lost 0.7% and 0.8%, respectively.



News Stream
Italian Stocks Inch Higher
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FTSE MIB Edges Lower
Italy’s FTSE MIB edged lower to around 49,700 on Thursday, pausing a four-day winning streak as investors assessed corporate earnings ahead of the European Central Bank’s policy decision. Davide Campari-Milano tumbled 5.8% despite a 3.4% increase in Q3 organic revenue that beat expectations, as the company flagged a slowdown in North America. STMicroelectronics fell 1.2% despite reporting better-than-expected Q3 operating profit, supported by demand from AI data centers and satellite operators. On the upside, Prysmian gained 1.1% after posting record quarterly adjusted EBITDA and raising its full-year guidance. Meanwhile, the ECB is widely expected to keep interest rates unchanged. Domestically, September unemployment data and October consumer and business confidence figures are also due later today.
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The FTSE MIB Index Closes 0.32% Higher
The FTSE MIB Index rose 157 points or 0.32 percent on Wednesday to close at 49785 points. Leading the gains are Stellantis N.V. (15.61%), Lottomatica (3.00%) and Eni (1.63%). Top losers were Telecom Italia (-1.65%), Davide Campari-Milano (-1.42%) and Fincantieri (-1.42%).
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