The FTSE MIB slipped to around 35,028 in early Thursday trading, pausing a three-session rally and retreating slightly from its recent two-month high.
FTSE MIB falls on inflation and Fed concerns
Investor sentiment turned cautious amid ongoing concerns about inflation and the potential economic impact of additional trade tariffs proposed by former President Trump. Markets also digested the minutes from the Federal Reserve’s latest FOMC meeting, which underscored persistent inflation concerns and hinted at a slower pace of interest rate cuts.
STMicroelectronics and Stellantis lead FTSE MIB declines
On the corporate front, STMicroelectronics and Stellantis led the early losses, each falling by about 1%. Other notable decliners included UniCredit (-0.7%), Tenaris (-0.6%), Moncler (-0.7%), and Banco BPM SPA (-0.7%), contributing to the index's pullback.
