FTSE MIB slips 0.5% ahead of ECB rate decision
FTSE MIB fell 0.5% to 51,875 ahead of the ECB meeting tomorrow, as eurozone yields rose and markets widely expect a rate hike. Financials and defense/AI-linked names led declines; energy outperformed.
5% to 51,875 on Wednesday ahead of the ECB meeting tomorrow. Markets widely expect a rate hike by the ECB, and eurozone sovereign yields rose to multi-year highs, weighing on financials and bank balance sheets. Talk of taxing banks’ profits intensified as governments seek help with budget deficits. 5%.
6%. 2% as China’s growing electric-truck market pressures Western manufacturers. Luxury stocks also fell on weak demand from China and lower spending tied to the war in the Middle East. Attacks intensified in the region, lifting brent above $100.
Energy stocks outperformed.