FTSE MIB Falls to 5-Month Low

Milan’s FTSE MIB fell 0.7% to 48,600 on Tuesday, extending losses to its lowest level since late May, as investor caution persisted amid political uncertainty following weekend unrest in Milan. The government was reportedly planning to deploy an additional 500 soldiers to restore order, with the measure expected to be included in a security decree for cabinet approval on Tuesday. On the bourse, technology and industrial stocks led declines, with Prysmian dropping 4.4%, STMicroelectronics sliding 3.2% and Fincantieri losing 2.3%. Banking shares also traded lower, with UniCredit down 0.9%, Intesa Sanpaolo losing 1.1% and Banco BPM falling 1.3%.