Neutral
FTSE MIB closes at 51,846.26, down 0.40% amid mixed earnings reports.
The FTSE MIB Index declined by 0.40% to close at 51,846.26 on July 28, 2026. The downturn was influenced by Saipem's significant drop following disappointing earnings and a downward revision of its 2026 EBITDA guidance. Conversely, defense stocks like Leonardo and Buzzi Unicem gained, supported by expectations of increased military spending.
Key points
- Saipem's shares plunged 8.5% after reporting quarterly results below expectations and revising its 2026 EBITDA guidance downward.
- Defense stocks, including Leonardo and Buzzi Unicem, saw gains due to anticipated increases in military spending.
- The broader market remained cautious ahead of the Federal Reserve's upcoming rate decision, with trading volumes around €1.5 billion.
Sources
AI-generated from public news sources. Not financial advice.
