Bearish
FTSE MIB closes 0.8% lower at 51,372 amid rising yields and energy sector declines.
The FTSE MIB declined by 0.8% to 51,372 points, influenced by rising sovereign yields and a downturn in the energy sector. The spread between Italian BTPs and German Bunds widened to 94.6 basis points, with Italy’s 10-year yield climbing to 4.54%, the highest since November 2023. Energy stocks underperformed, with Eni declining 1.1% following a 30% discount on electricity and gas rates.
Key points
- FTSE MIB falls 0.8% to 51,372 amid rising yields and energy sector declines.
- Italy's 10-year yield climbs to 4.54%, highest since November 2023.
- Eni shares drop 1.1% after announcing 30% discount on electricity and gas rates.
Sources
AI-generated from public news sources. Not financial advice.
