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. Additionally, sovereign yields rose following stronger-than-expected PMI data, fueling expectations of an ECB rate hike.
Key points
- Italy's 2025 budget deficit confirmed at 3.1%, above EU limit.
- Sovereign yields increase after strong PMI data, hinting at potential ECB rate hike.
- Financials mixed; Intesa slips 0.4%, while Eni rises 2.8% amid global oil price rebound.
Sources
AI-generated from public news sources. Not financial advice.
