FTSE MIB Falls to Over 2-Week Low
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The FTSE MIB dropped over 1% to below 45,300, reaching its lowest point in over two weeks due to renewed trade concerns after President Trump's tariff threats on European imports. Trump announced a 10% tariff on imports from eight European nations starting February 1, which could rise to 25% in June. Most stocks in the index fell, with notable declines in Enel (-3%), STMicroelectronics (-3.3%), Banca Generali (-3.5%), and Interpump Group (-3%), indicating a risk-off sentiment in the market.
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