FX.co ★ Italian Stocks Drop Over 1%

The FTSE MIB dropped over 1% to 38,563 in early trading on Friday, further retreating from its recent 17-year high and reflecting losses seen across the region. Market sentiment remained subdued due to concerns about Europe's economic outlook, especially as the United States prepared to implement reciprocal tariffs on April 2, with the European bloc deferring its countermeasures until April. Investors were also closely watching Germany's upper house vote on the debt brake amendment, following its approval by the lower house. Among the stocks that experienced notable declines were Leonardo, which fell 2.1%, STMicroelectronics down by 1.9%, Nexi dropping 1.3%, and both Moncler and Prysmian decreasing by 1.1%. Overall, the benchmark index appeared poised for a modest weekly decline.