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FTSE MIB falls 2.7% to June lows on bank pressure

Italy’s FTSE MIB is down 2.7%, trading near levels last seen in June as banking and AI-linked stocks tumble.

SPY

1535 GMT - Italy's main equity index erases its summer gains and falls to lows last seen in June as banking and AI-related shares come under heavy pressure. 7%. Banks also slide as higher oil prices and fiscal concerns weigh on the broader European sector. 8%.

7% and is on track to close at its lowest level since June 5. October 07, 2026 11:35 ET (15:35 GMT)