FTSE MIB trades flat, led lower by utilities and tech
Italy’s FTSE MIB is flat to slightly lower around 53,600 on Friday, with declines led by Enel, Terna and Italgas plus tech weakness including STMicroelectronics.
The FTSE MIB was flat to slightly lower around 53,600 on Friday, remaining range-bound after scaling record highs earlier this week. Sentiment remained cautious as markets continued to assess developments in the Middle East after the US threatened an indefinite naval blockade of Iran, reviving concerns about crude supply. 3%. 0%.
2% and Monte dei Paschi was nearly flat. For the week, the benchmark index is heading for a modest decline.