FTSE MIB closes little changed at 53,693 as stocks diverge
Italy’s FTSE MIB closed little changed at 53,693 on Thursday, with sector-specific gains and declines offsetting broader macro concerns.
The FTSE MIB closed little changed at 53,693 on Thursday, remaining in a narrow range after reaching record levels earlier in the week, as positive developments across sectors offset broader macroeconomic concerns. 6% after securing a $2 billion offshore contract in the Middle East. 9%, becoming the company’s largest shareholder without launching a takeover bid. 8% amid reports that the ECB is leaning toward approving its takeover bid for Commerzbank, with the stock reaching its highest level in nearly 17 years.
On the downside, uncertainty over Middle East peace talks kept energy markets volatile, with oil and natural gas prices remaining elevated. Unipol, Inwit and Moncler fell less than 1%. 9%, tracking lower global oil prices. In turn, utilities extended their recent decline.