FTSE MIB Declines on Tuesday
The FTSE MIB fell to around 52,100 on Tuesday, giving back gains from the previous session, as oil prices rose after four sessions of declines while markets monitored diplomatic developments in the Middle East. President Donald Trump is scheduled to address the UN General Assembly later today and has not ruled out a meeting with Iran’s president. Among individual stocks, Buzzi Unicem led the declines, falling around 2.7% after UBS downgraded the stock to sell on concerns over the US market. Financials also weighed on the index as UniCredit (-0.8%), Intesa Sanpaolo (-0.5%), Assicurazioni Generali (-1.2%), Banco BPM (-0.5%), BPER Banca (-0.8%), and Unipol (-1.5%) all declined. Industrials weakened as well, with Leonardo down 1.1% and Stellantis 1.2%. On the flipside, technology stocks were firmer, led by STMicroelectronics, up 1.3%, while Prysmian gained 0.4%. Oil major Eni also rose 0.7%.
The FTSE MIB fell to around 52,100 on Tuesday, giving back gains from the previous session, as oil prices rose after four sessions of declines while markets monitored diplomatic developments in the Middle East. President Donald Trump is scheduled to address the UN General Assembly later today and has not ruled out a meeting with Iran’s president. 7% after UBS downgraded the stock to sell on concerns over the US market. 5%) all declined.
2%. 4%. 7%.