The FTSE MIB was 0.4% lower in early trading on Tuesday, sliding for the second consecutive session after traders slashed their bets on aggressive interest rate cuts by the Federal Reserve in the coming months.
FTSE Mib starts down on Tuesday
Market sentiment was also dampened by rising geopolitical tensions and uncertainty surrounding the upcoming US presidential election. Meanwhile, investors continued to assess key corporate earnings reports and looked ahead to a speech by European Central Bank President Christine Lagarde later in the day.
Utility stocks among worst performers
On the corporate front, utility stocks were among the early decliners, with Enel shedding 1.9%, Terna falling 1.2%, and Snam down 1.3%.
