FTSE MIB Trades Flat

The FTSE MIB traded nearly flat on Wednesday, extending a muted session from the previous day, as investors assessed developments in the banking sector. MPS fell 0.27% after ISS urged shareholders to reject its proposed acquisitions of Banco BPM (-0.82%) and Banca Generali, as well as a €4 billion special dividend, citing execution and integration risks. Intesa Sanpaolo lost 0.74% and BPER Banca shed 0.82%. Ferrari fell 0.65%, Poste Italiane lost 0.49% and Banca Mediolanum dropped 1.10%. These losses were offset by gains in technology stocks, with STMicroelectronics rising 1.95% amid improved sentiment following ASML’s stronger-than-expected earnings and upbeat sales outlook. Luxury stocks also advanced, with Moncler gaining 1.53% and Brunello Cucinelli rising 1.98%.