European stock markets and the major indexes on Borsa Italiana recorded fractional shifts on Thursday as technology shares faced heavy selling pressure in Milan.
According to soldionline.it, the FTSEMib index fell 0.12% to 51,887 points by mid-afternoon, oscillating between a low of 51,621 points and a high of 52,132 points. Earlier in the day, the index had reached 52,036 points at 11:50, while at 15:30 it recorded a 0.2% decline. The FTSE Italia All Share dropped 0.07%, while the Mid Cap gained 0.77% and the STAR index rose 0.8%.
- The Btp-Bund spread hovered between 100 and 105 basis points, settling at 103.7 points according to ANSA, with the 10-year Italian government bond yield slipping below 4.4%—specifically to 4.33%—while the German equivalent fell to 3.92%.
- The Treasury placed the maximum amount of 7.25 billion euros in Btp bonds during the auction.
- Bitcoin declined to 71,500 dollars (approximately 64,500 euros), and New York crude oil futures for December 2026 delivery fell to 86.5 dollars per barrel, though earlier in the session, Wti had risen 0.85% to 86.78 dollars per barrel.
- Gold prices fell to 3,900 dollars, while silver dropped below 50.5 dollars and the euro moved back below 1.11 dollars.
Technology components bore the brunt of the selling activity at Piazza Affari, led by a sharp decline in Technoprobe shares. The company dropped 4.3% to 22.68 euros after releasing its financial metrics for the first nine months of 2026 and updating its full-year guidance, though it confirmed its EBITDA margin target of 46% to 48%.
Milano Finanza said that the broader tech downturn was exacerbated by pre-market weakness in Nvidia following reports concerning executive leadership, with the stock falling 7.7% in pre-market trading. Semiconductor peer STM also lost ground, slipping 0.52% to 41.97 euros.
Meanwhile, Poste Italiane posted a 0.82% gain to 25.72 euros after reporting nine-month revenues of 10.2 billion euros, a 5% year-on-year increase. “Ora che Tim fa parte del gruppo, ci concentreremo sullo sbloccare il pieno valore di questa combinazione. Ci stiamo muovendo molto velocemente,” said Matteo Del Fante, Chief Executive Officer of Poste Italiane, according to RaiNews. The board confirmed an interim dividend of 0.43 euros, payable on November 23, 2026.
Selling pressure persisted across select financial and industrial counters. BFF Bank dropped 12% to 1.354 euros.
Banco Bpm shares saw mixed movement, with a spokesperson for the bank clarifying, “Non ci risulta fondata la notizia che riporta la volontà o possibilità che Credit Agricole possa cedere Anima. E non è comunque nostra intenzione cederla.” Avio outperformed, rising 3.68% after reporting consolidated revenues of 787.4 million euros and an EBITDA of 376.3 million euros, representing a margin of 47.8%.
Conversely, Telecom Italia (TIM) advanced 1.39% to 5.98 euros after Fitch Ratings upgraded the company’s Long-Term Issuer Default Rating to “BBB-” from “BB+” and removed it from Rating Watch Positive.
In the energy sector, ENI gained 1.13% to reach 25.485 euros despite uncertainty in oil markets. Industrial contractor Fincantieri fell 0.87% to 11.995 euros following its nine-month earnings release and revised full-year estimates, while distributor Esprinet recorded a 4.83% decline to 6.795 euros.
