FTSE MIB : Italian Stocks Remain Cautious
The FTSE MIB was down by 0.6% to trade around the 30,250 mark on Monday, as investors remained cautious ahead of crucial economic data releases, namely the US inflation figures, that are expected to provide further insights into the potential trajectory of global monetary policy.
On the corporate front, petrochemical firms, such as Saipem (-2.6%) and Eni (-2.3%), were amongst the biggest laggards thus far, reflecting the prevailing weakness in energy markets due to softening demand and an expanding supply outlook.
Conversely, Amplifon emerged as the best performer, gaining 2.2%, after Morgan Stanley analysts increased the target price of the company, bringing it to 35 euros.
On the corporate front, petrochemical firms, such as Saipem (-2.6%) and Eni (-2.3%), were amongst the biggest laggards thus far, reflecting the prevailing weakness in energy markets due to softening demand and an expanding supply outlook.
Conversely, Amplifon emerged as the best performer, gaining 2.2%, after Morgan Stanley analysts increased the target price of the company, bringing it to 35 euros.