FTSE MIB Closes Flat
The FTSE MIB closed largely unchanged at 50,057 on Tuesday following the start of the earnings season. Financial stocks mostly outperformed, supported by a retreat in global bond yields and upbeat sentiment following record third-quarter earnings from major US lenders. MPS gained 0.5% after its shareholder meeting provided no further updates on its counterbid for Intesa Sanpaolo (0.2%). Unipol, Banca Mediolanum and BPER Banca each advanced over 1%, while Banco BPM fell 1.5% and Azimut shed 1.7%.Tech stocks fell as concerns of overspending ahead of earnings reports extended a selloff in chipmakers, while a breakthrough from China's CXMT added to the sector’s headwinds. Technoprobe led the index’s losses, falling 5.1%, followed by STMicroelectronics (-3.9%) and Prysmian (-2.2%). Stellantis fell 1.1% despite the autofirm's growing confidence in their EVs at the 2026 Paris auto show. Luxury Moncler fell 0.6% following LVMH's quarterly sales miss, underscoring weak demand from China.
The FTSE MIB closed largely unchanged at 50,057 on Tuesday following the start of the earnings season. Financial stocks mostly outperformed, supported by a retreat in global bond yields and upbeat sentiment following record third-quarter earnings from major US lenders. 2%). Tech stocks fell as concerns of overspending ahead of earnings reports extended a selloff in chipmakers, while a breakthrough from China's CXMT added to the sector’s headwinds.
2%). 1% despite the autofirm's growing confidence in their EVs at the 2026 Paris auto show. 6% following LVMH's quarterly sales miss, underscoring weak demand from China.