FTSE MIB rises 89 points as Snam leads utilities
Published on 10/27/2026 at 13:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGas and policy cues
- FTSE MIB gains 89 points, or 0.2 percent, to 49,276 points at 12:01 p.m. CET.
- Snam rises 2.3 percent as elevated European gas prices support utility stocks.
- Snam is the strongest named gainer at 2.3 percent, while Eni falls 1.5 percent.
- Italy's cabinet is scheduled to examine the 2027 budget bill on October 28 at 12:00 p.m. CET.
The FTSE MIB rises 89 points, or 0.2 percent, to 49,276 points at 12:01 p.m. CET on October 27, 2026. Utilities lead after elevated European gas prices support Snam and Italgas, which gain 2.3 percent and 2.2 percent, respectively, Borsa Italiana reports.
Snam is the strongest named gainer in the midday update. Eni falls 1.5 percent, while the market continues to assess corporate earnings before this week's major central-bank decisions, MarketScreener reports.
Why is the FTSE MIB higher today?
The index opened at 48,963 points after an early decline. It later recovered as utility stocks advanced and European shares turned higher ahead of the Federal Reserve and European Central Bank meetings, Borsa Italiana reports.
Italy's financial stocks had weighed on the opening. Mediobanca fell 1.5 percent and Monte dei Paschi di Siena lost 0.9 percent in early trading, while STMicroelectronics gained 1.2 percent, ANSA reports.
FTSE MIB utilities lead the midday recovery
Snam and Italgas are the clearest supports among named stocks. The gains follow elevated European gas prices, while the broader index remains focused on earnings and the policy outlook.
What comes next for the FTSE MIB?
Italy's cabinet is scheduled to examine the 2027 budget bill on October 28 at 12:00 p.m. CET. Economy Minister Giancarlo Giorgetti said the package was almost ready and that discussions with the European Commission had progressed, ANSA reports.
FTSE MIB price data for October 27, 2026
The FTSE MIB stood at 49,276 points at 12:01 p.m. CET on October 27, 2026, up 89 points, or 0.2 percent, from the previous close, Borsa Italiana reports. The previous close was 49,187 points, and the index opened at 48,963 points, uCapital reports.
FTSE MIB by the numbers on October 27, 2026
- Index: FTSE MIB
- Home exchange: Borsa Italiana, Italy
- Level at 12:01 p.m. CET on October 27, 2026: 49,276 points
- Change versus previous close of October 26, 2026: up 89 points (up 0.2 percent)
- Previous close: 49,187 points
- Open: 48,963 points
- Top gainer: Snam up 2.3 percent
- Next scheduled event: October 28, 2026, 12:00 p.m. CET: Italy cabinet review of the 2027 budget bill
