FTSE MIB Falls for Third Session
The FTSE MIB fell to around 51,800 on Thursday, declining for the third straight session, as sentiment continued to be dampened by lingering uncertainty over US-Iran talks. The absence of concrete progress has pushed oil prices higher, keeping sovereign yields elevated. At the sector level, defense stocks were among the early laggards, with Leonardo and Fincantieri declining around 2% each. Other key decliners included Telecom Italia (-1.4%), STMicroelectronics (-1.3%), and Snam (-0.8%). Meanwhile, financial stocks were mixed as merger talks remained in focus. UniCredit fell 0.3%, while BPER Banca (-0.2%) and Unipol (-0.5%) also traded lower, while Intesa Sanpaolo (+0.8%), Generali (+0.5%), Banco BPM (+0.7%), and MPS (+0.2%) traded in the green.
The FTSE MIB fell to around 51,800 on Thursday, declining for the third straight session, as sentiment continued to be dampened by lingering uncertainty over US-Iran talks. The absence of concrete progress has pushed oil prices higher, keeping sovereign yields elevated. At the sector level, defense stocks were among the early laggards, with Leonardo and Fincantieri declining around 2% each. 8%).
Meanwhile, financial stocks were mixed as merger talks remained in focus. 2%) traded in the green.