FTSE MIB slips 0.5 percent at midday on weak Eurozone PMI
Published on 10/23/2026 at 13:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGrowth data and energy shares
- At 12:03 p.m. CEST on October 23, FTSE MIB stood at 48,147 points, down 237 points or 0.5 percent.
- The eurozone composite PMI fell to 51.9 from 53.1, below the 52.7 forecast.
- Eni was the top gainer, up 4.2 percent after its quarterly results.
- US flash manufacturing and services PMIs are due at 3:45 p.m. CEST on October 23.
On October 23, 2026, the FTSE MIB was trading at 48,147 points at 12:03 p.m. CEST, down 237 points or 0.5 percent from the previous close. The eurozone composite PMI fell to 51.9 from 53.1, below the 52.7 forecast, Reuters reports.
Eni led the FTSE MIB, up 4.2 percent after its quarterly results. Tenaris and Saipem also gained, while Stellantis and luxury stocks weighed on Milan, Marketscreener reports.
Why is the FTSE MIB lower at midday?
The weaker-than-expected eurozone PMI pointed to slower private-sector growth in October. The composite reading of 51.9 missed the 52.7 forecast and marked a decline from 53.1 in September, according to Reuters.
Energy shares provided a partial offset. Eni rose 4.2 percent after reporting quarterly results, while higher oil prices supported Tenaris and Saipem. The FTSE MIB had opened at 48,577 points, ANSA reports.
Winners and losers in the FTSE MIB
At 12:03 p.m. CEST, the following leaders and laggards were listed by Marketscreener:
- Eni up 4.2 percent: quarterly results
- Tenaris up 2.3 percent: energy shares advanced
- Saipem up 1.6 percent: energy shares advanced
- Moncler down 2.3 percent: luxury stocks weakened
- Brunello Cucinelli down 1.7 percent: luxury stocks weakened
- Stellantis down 1.6 percent: shares extended losses
What comes next for the FTSE MIB
U.S. data will shape the afternoon session after the eurozone growth slowdown. The next scheduled releases are:
- October 23, 2026, 3:45 p.m. CEST: U.S. flash manufacturing and services purchasing managers' indexes, with forecasts of 55.9 and 58.8, Borsa Italiana reports.
- October 23, 2026, 4:00 p.m. CEST: final U.S. Michigan consumer sentiment and inflation expectations data, with forecasts of 48.1 and 4.6 percent, Borsa Italiana reports.
FTSE MIB price data for October 23, 2026
Marketscreener put the FTSE MIB at 48,147 points at 12:03 p.m. CEST on October 23, 2026. The index was down 237 points or 0.5 percent from the previous close of 48,384 points on October 22, 2026. It opened at 48,577 points.
FTSE MIB by the numbers on October 23, 2026
- Index: FTSE MIB
- Home exchange: Borsa Italiana, Italy
- Level at 12:03 p.m. CEST on October 23, 2026: 48,147 points
- Change versus previous close of October 22, 2026: down 237 points (down 0.5 percent)
- Previous close: 48,384 points
- Open: 48,577 points
- Top gainer: Eni up 4.2 percent
- Top loser: Moncler down 2.3 percent
- Next scheduled event: October 23, 2026, 3:45 p.m. CEST: U.S. flash manufacturing and services purchasing managers' indexes
