The continuous surge in crude prices, despite the International Energy Agency's green light for a record release of 400 million barrels of oil reserves, fuels fears of a prolonged energy shock.
This rally keeps investor concerns high regarding a tightening of central bank monetary policies and a slowdown in the global economy.
At 9:55 AM, the Milanese Ftse Mib index was down 0.16%, in line with the performance of the main European stock exchanges.
At Piazza Affari, amid widespread selling across the board, LEONARDO soared 9% after its 2030 industrial plan update positively surprised analysts with targets in the final phase of the plan.
In a geopolitical context favoring defense stocks, FINCANTIERI also stood out with a 2.7% rise.
In other sectors, GENERALI is up 1.5% following quarterly results that saw operating profit slightly above estimates.
Also on the subject of earnings, ERG slipped 5.6%, penalized by 2026 guidance that fell below expectations.
FERRAGAMO jumped 6.8%, rewarded for 2025 Ebit figures that beat expectations released yesterday after the market close, and for overall positive messages from management that bode well for business performance in the current year.
WEBUILD performed poorly (-4.7%) despite 2025 results exceeding expectations at the operating level; however, according to some analysts, net profit was lower than expected mainly due to non-operating components.
(Andrea Mandala, editing Sabina Suzzi)
