Piazza Affari began the session quietly, mirroring other global markets that remain unfazed by U.S. President Trump's ongoing trade policy announcements. The Milan bourse is trading cautiously, hovering around yesterday's closing levels as investors await clarity on potential U.S. tariffs targeting European goods.
Around 9:20 a.m., the FTSE MIB index slipped by 0.01%.
Banking stocks, which rallied yesterday, are seeing a pullback, with the sector index down 0.5%.
The automotive sector is mixed, highlighted by a 1.3% rise for Stellantis and a 1.6% drop for Iveco.
Campari stands out with a 1.7% gain, while Leonardo reversed course, falling 0.8% after briefly approaching a 2% increase in early trading.
(Reporting by Claudia Cristoferi; Editing by Stefano Bernabei)
