empty
 
 

09.03.202617:32:42UTC+00Italian Stocks Drop Further

The FTSE MIB pared some of its sharp early losses but still closed 0.3% lower at 44,025 on Monday, in line with declines across other major European equity benchmarks. Markets were pressured by the escalation of the conflict involving Iran, which pushed energy prices higher and reinforced inflationary concerns.

Bank shares extended their steep declines as rising BTP yields further weighed on the sector’s lending outlook. UniCredit fell 1.6%, while Mediobanca and Mediolanum each lost more than 2%. Luxury names were also hit by the prospect of more expensive credit, with Ferrari down 2.5% and Brunello Cucinelli off 3.8%.

In contrast, defense stocks outperformed, with Leonardo jumping between 6.8% and 7%, as the worsening situation in Iran bolstered expectations for increased orders in the defense sector.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback