Bearish
FTSE MIB declines 0.9% to 51,882 amid tech sell-off and geopolitical tensions.
The FTSE MIB closed lower on July 17, 2026, pressured by a significant sell-off in technology stocks and escalating geopolitical tensions. Semiconductor companies, notably STMicroelectronics and Prysmian, led the declines, while the energy sector showed resilience.
Key points
- STMicroelectronics and Prysmian led the declines, with shares falling 6% and 4.5%, respectively, amid concerns over high valuations and AI-driven overspending.
- Financial stocks weakened due to geopolitical tensions, with the BTP-Bund spread rising to 83 basis points.
- Energy sector stocks, including Eni and Terna, outperformed, with Eni rising 2.5% and Terna 2.8%, supported by firmer oil prices.
Sources
AI-generated from public news sources. Not financial advice.
