Last Week on Borsa Italiana: FTSE MIB Drops 6.5% as Banks Sink, Nexi Slides, Leonardo Holds Up
The FTSE MIB in Italy wrapped up Friday at 44,152.26—a 6.48% slide since Feb. 27, putting it sharply under the 52-week peak of 47,650.97 reached just the week before. Milan saw that reversal come quickly. The selloff was broad. Over the week, Europe’s STOXX 600 slid 5.5%, with both Frankfurt and Paris enduring their steepest drops since April last year; Madrid fared even worse, marking its biggest weekly decline in four years. Banks retreated 1.7% on Friday. “Europe was a bit more exposed” to the pain from higher oil and stagflation risks—sluggish expansion mixed with sticky inflation—said Ciaran Callaghan, head of European equity research at Amundi.
