FTSE MIB at 49,759.87 points, down 0.38 percent at midday
Published on 11/03/2026 at 13:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSFTSE MIB eases at midday
- The FTSE MIB stood at 49,759.87 points at 10:50 GMT on November 3, down 0.38 percent from the previous close.
- Technology shares weighed on European markets as investors reassessed artificial intelligence valuations and Apple's margin outlook.
- Rising oil prices and uncertainty ahead of the US midterm elections added to the cautious tone.
The FTSE MIB was trading at 49,759.87 points at 10:50 GMT on Tuesday, November 3, equivalent to 11:50 Berlin time. The index was down 0.38 percent from the previous close, according to Borsa Italiana, citing Il Sole 24 Ore Radiocor. The reading places the benchmark below Monday's close of 49,947 points, while keeping it above the day's opening level reported earlier in the session.
Technology stocks lead the retreat
European semiconductor shares were among the main decliners as investors continued to reassess the outlook for artificial intelligence-related investments. The midday market report also cited Apple's weaker margin outlook and softer-than-expected iPad sales as factors weighing on sentiment across the technology sector.
The decline followed a weak opening for Milan. Earlier reporting put the FTSE MIB at 49,404.94 points at 08:07 GMT, down 1.09 percent, indicating a partial recovery by the late morning. That rebound did not remove the broader pressure on risk assets, however, and the index remained below its previous close.
Election and geopolitical risks remain
Investors were also awaiting the US midterm elections, which could affect the political balance in Washington. At the same time, oil prices rebounded after reports of a US attack on Iran's Qeshm Island, adding to concerns about a further escalation in the Middle East. The combination of higher energy prices, geopolitical uncertainty and technology-sector selling limited appetite for cyclical exposure in Milan.
For investors, the midday move points to a fragile session rather than a completed daily trend. The FTSE MIB was still trading during the configured reporting window, so the level is an intraday reading and not a closing value. The index's previous session and earlier midday coverage are available on the FTSE MIB topic page.
