FTSE MIB Consolidates Near 49,500 as Piazza Affari Digests €26B Italian Budget Law

Piazza Affari Takes a Breather Near 49,500

The benchmark FTSE MIB slid roughly 1% to close around the 49,500-point threshold on Borsa Italiana, snapping a multi-day winning streak amid global tech volatility and domestic fiscal headlines.

Assessing the €26B Italian Budget (Manovra)

• Corporate IRES Tax Adjustment: Analysts estimate proposed 3-percentage-point corporate tax tweaks could trim 2%–2.5% off aggregate 2027 FTSE MIB earnings.
• Valuation & Dividend Cushion: Despite fiscal adjustments, Italian equities still offer an average dividend yield above 4% alongside resilient double-digit earnings growth projections.

Sector Impact

Financials, insurers, and regulated utilities face the largest tax recalibrations, while global luxury exporters remain largely insulated.

Trader Outlook

The 49,000–49,200 zone acts as immediate technical support for FTSE MIB index futures.