Italian Stocks Retreat

Milan’s FTSE MIB fell 0.4% to around 51,700 on Thursday, halting a three-session advance, as losses in tech, heavyweight financials and utility firms weighed on the index. Tech shares came under renewed pressure, with STMicroelectronics (-1.7%) and Prysmian (-1.3%) among the biggest decliners. Technoprobe dropped more than 5% after the chipmaker cut its 2026 revenue outlook. Stellantis extended its losses, falling 3%. Financial and banking stocks also retreated, led by Banca Mediolanum, which shed 0.8%. On the upside, ENI gained more than 1.5% as oil prices rose, while Tenaris added 0.7%. Gas distributors Snam and Italgas also advanced amid higher European gas prices. Terna climbed 1.2%, supported by solid third-quarter results and an 8.1% increase in nine-month revenue. Meanwhile, wholesale utilities A2A, Hera and Enel, along with Inwit, traded lower. Investors also awaited quarterly results from Enel and Fincantieri.