Bullish
FTSE MIB rises to 51,900 as oil prices ease and tech stocks advance
The FTSE MIB closed higher at 51,900 on Monday, September 21, 2026, driven by a fourth consecutive decline in oil prices, which alleviated inflation concerns. Investor sentiment was further bolstered by optimism surrounding the upcoming Trump-Xi summit. The financial sector led the gains, with Banco BPM, UniCredit, and BPER Banca all posting significant increases. Technology stocks also performed well, with Prysmian and STMicroelectronics advancing by 2.2% and 1.7%, respectively.
Key points
- Financial stocks led the gains, with Banco BPM up 3.8%, UniCredit 1.5%, and BPER Banca 1.2%.
- Technology shares advanced, with Prysmian and STMicroelectronics gaining 2.2% and 1.7%, respectively.
- The Italian government plans to reduce the country’s gas-price premium and is prepared to act even without EU approval.
- Investor sentiment was lifted by optimism ahead of the upcoming Trump-Xi summit.
Sources
AI-generated from public news sources. Not financial advice.
