FTSE MIB drops 424 points as tech stocks slide at midday
Published on 10/20/2026 at 13:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSOil and afternoon dates
- At 12:54 p.m. CEST on October 20, FTSE MIB stood at 48,662 points, down 424 points or 0.9 percent.
- Oil prices moved above USD 110 as technology shares weakened across European markets.
- Eni gained 0.9 percent as higher oil prices supported energy shares in Milan.
- The European Central Bank will publish its financial conditions report at 3:00 p.m. CEST.
FTSE MIB stood at 48,662 points at 12:54 p.m. CEST on October 20, down 424 points or 0.9 percent from Monday's close. Oil prices above USD 110 and renewed pressure on technology shares weighed on European markets, Il Sole 24 Ore reported.
Eni gained 0.9 percent at midday as higher oil prices supported energy shares, while technology stocks remained under pressure. Teleborsa also listed Tenaris among the stronger blue-chip performers.
Why is the FTSE MIB down today?
The index opened at 48,904 points after Monday's close at 49,086 points. It reached 49,046 points and fell to 48,563 points during the morning, according to Borsa Italiana.
Italian banks and technology shares were weak, while energy stocks provided support. The wider European decline followed renewed selling in technology stocks and a rise in oil prices above USD 110, Il Sole 24 Ore said.
What comes next for FTSE MIB?
- October 20, 2026, 3:00 p.m. CEST: The European Central Bank will publish its financial conditions report, Teleborsa lists.
- October 20, 2026, 2:30 p.m. ET: US housing starts are expected at 1.31 million after 1.28 million previously, Teleborsa reports.
FTSE MIB price data for October 20, 2026
FTSE MIB was at 48,662 points at 12:54 p.m. CEST on October 20, 2026, according to Borsa Italiana. It was down 424 points or 0.9 percent from the previous close of 49,086 points. The index opened at 48,904 points, with a high of 49,046 points and a low of 48,563 points.
FTSE MIB by the numbers on October 20, 2026
- Index: FTSE MIB
- Home exchange: Borsa Italiana, Italy
- Level at 12:54 p.m. CEST on October 20, 2026: 48,662 points
- Change versus previous close of October 19, 2026: down 424 points (down 0.9 percent)
- Previous close: 49,086 points
- Open: 48,904 points
- Day high / day low: 49,046 points / 48,563 points
