Bearish
FTSE MIB closes lower amid merger talks and budget deficit concerns
The FTSE MIB declined by 0.2% to 51,987 on September 23, 2026, influenced by merger discussions in Milan and apprehensions over Italy's budget deficit. The deficit was confirmed at 3.1% for 2025, exceeding the EU's threshold, raising concerns about increased defense and energy expenditures. However, Italy plans to commit to reducing the deficit below 3% this year.
Key points
- Italy's budget deficit confirmed at 3.1% for 2025, above EU's 3% ceiling.
- Italy plans to commit to reducing the deficit below 3% this year.
- Sovereign yields increased following stronger-than-expected PMI data, raising bets of an ECB rate hike.
- Financials were mixed following reports that Italy will abstain from a vote at an MPS shareholder meeting to approve acquisitions.
Sources
AI-generated from public news sources. Not financial advice.
