FTSE MIB declines 1.60% to 51,545.25 amid cautious market sentiment.

Key points

• The FTSE MIB index dropped 1.60% to 51,545.25, aligning with the broader European market decline.
• Hera's stock decreased by 1.6% to €3.65, and Saipem's shares fell by 1.3%, contributing to the index's downturn.
• The Bank of Japan raised interest rates to a 31-year high, introducing global market uncertainty.
• The European Central Bank's potential future rate hikes are influencing market caution.