Italy: FTSE MIB Dips.

The FTSE MIB edged down 0.1% to close at 52,374 on Thursday, as rising market uncertainty kept investor sentiment cautious. Semiconductor-firm STMicroelectronics led the losses, falling 4.8%, followed by Prysmian, down 2.3%, as renewed concerns over whether elevated AI-related investments justify current valuations weighed on the technology sector. Buzzi declined 2.5% amid weaker homebuilding sentiment and heightened economic uncertainty. Financial stocks were mixed as sovereign bond yields continue to rise on elevated tensions in the Middle East, with the BTP-Bund spread rising to 81 basis points. Banca Popolare di Sondrio (BPMS) slipped 1.0% while Unipol gained 1.6%. Fincantieri led gains at 4.2% after the EU allocated €1 billion in funding to strengthen Ukraine's drone capabilities. UniCredit advanced 1.7% after Bank of America reiterated its buy rating ahead of the bank's earnings report to be released next week.