Italian Stocks Close Flat

2026-11-03 16:53 By Larissa Caser 1 min. read

Milan’s FTSE MIB closed largely unchanged at 49,942 on Tuesday as investors assessed the latest batch of third-quarter earnings.

Lottomatica gained 0.9% after reporting a 5% year-on-year rise in revenue.

Financial stocks mostly underperformed, although Intesa rose 0.6% after beating third-quarter expectations before asking MPS (-0.4%) shareholders on a decision on its takeover bid, pending antitrust approval.

Banco BPM led losses, down 0.8%, while other lenders traded near the flatline.

Brunello Cucinelli plunged 3.6%, diverging from the broader luxury sector, as Moncler gained 0.2% and Ferrari surged 4.5% after raising its full-year guidance and beating third-quarter estimates.

Campari slipped 0.5% after BlackRock increased its short position.

Stellantis fell 3.9% as Italian market sales dropped 4.8% year-on-year in October.

Energy shares also weakened, with Saipem, Eni and Tenaris down 1.4%, 1.8% and 2.4%, respectively, as oil prices extended their decline.



News Stream
The FTSE MIB Index Closes 0.01% Lower
The FTSE MIB Index fell 6 points or 0.01 percent on Tuesday to close at 49942 points. Leading the losses are Brunello Cucinelli (-3.43%), Stellantis N.V. (-3.02%) and Tenaris (-2.50%). Top gainers were Ferrari NV (4.31%), Amplifon (2.94%) and Avio (2.31%).
2026-11-03
Italian Stocks Close Flat
Milan’s FTSE MIB closed largely unchanged at 49,942 on Tuesday as investors assessed the latest batch of third-quarter earnings. Lottomatica gained 0.9% after reporting a 5% year-on-year rise in revenue. Financial stocks mostly underperformed, although Intesa rose 0.6% after beating third-quarter expectations before asking MPS (-0.4%) shareholders on a decision on its takeover bid, pending antitrust approval. Banco BPM led losses, down 0.8%, while other lenders traded near the flatline. Brunello Cucinelli plunged 3.6%, diverging from the broader luxury sector, as Moncler gained 0.2% and Ferrari surged 4.5% after raising its full-year guidance and beating third-quarter estimates. Campari slipped 0.5% after BlackRock increased its short position. Stellantis fell 3.9% as Italian market sales dropped 4.8% year-on-year in October. Energy shares also weakened, with Saipem, Eni and Tenaris down 1.4%, 1.8% and 2.4%, respectively, as oil prices extended their decline.
2026-11-03
FTSE MIB Falls More Than 1%
Milan’s FTSE MIB fell more than 1% to below 49,400 on Tuesday, giving back gains from the previous session and tracking a broader decline in European equities as concerns over stretched AI valuations and persistent Middle East uncertainty dampened risk appetite. Technology stocks led the losses, with STMicroelectronics (-3.33%) and Technoprobe (-2.57%) among the worst performers. Industrial shares also weakened, including Tenaris (-2.80%) and Prysmian (-2.52%). Banks came under pressure as well, with UniCredit down 1.42% and BPER Banca losing 1.35%. Intesa Sanpaolo slipped 0.49% ahead of its third-quarter results due later today. Meanwhile, utilities showed relative resilience, with Terna gaining 0.60%, Hera adding 0.43% and Snam rising 0.40%. Lottomatica also gained over 2% after reporting a 5% year-on-year increase in third-quarter revenue.
2026-11-03