周四，富时MIB指数下跌0.4%，至43300点左右，削减了前一交易日的涨幅，表现不如大多数欧洲同行，受到权重金融股下跌的拖累。联合信贷银行下跌超过1%，而联合圣保罗银行（-0.4%）、Mediobanca银行（-0.8%）、FinecoBank银行（-0.7%）和Monte dei Paschi di Siena银行（-0.6%）也下跌。其他主要落后者包括法拉利（-2.6%）和倍耐力（-1.7%）。从好的方面来看，Buzzi Unicem（+2%）、Stellantis（+1.1%）、意大利电信（+1.4%）和ERG（+1.1.%）上涨。与此同时，在马克龙总统宣布计划在48小时内任命新总理后，整个地区的交易员都密切关注着法国的政治局势。

The FTSE MIB fell 0.4% to around 43,300 on Thursday, trimming gains from the previous session and underperforming most European peers, weighed down by losses in heavyweight financials. UniCredit dropped over 1%, while Intesa Sanpaolo (-0.4%), Mediobanca (-0.8%), FinecoBank (-0.7%), and Monte dei Paschi di Siena (-0.6%) also declined. Other major laggards included Ferrari (-2.6%) and Pirelli (-1.7%). On the upside, Buzzi Unicem (+2%), Stellantis (+1.1%), Telecom Italia (+1.4%), and ERG (+1.1%) advanced. Meanwhile, across the region, traders closely monitored France’s political scene after President Macron announced plans to appoint a new prime minister within 48 hours.

据路透社报道，意大利经济部长Giancarlo Giorgetti周三表示，意大利的预算赤字最早可能在今年降至GDP的3%以下。Giorgetti在罗马的一次活动中表示：“从2026年开始，甚至从2025年开始，赤字与国内生产总值的比率将稳步降至3%以下，我们拭目以待。”。上周，部长宣布，政府将把2025年赤字占国内生产总值的目标从之前预测的3.3%降至3%。如果这一比例达到或低于3%，意大利将能够在2026年中期之前退出欧盟的过度赤字侵权程序，这比原计划提前了一年。2024年，意大利的赤字为3.4%，远低于政府3.8%的目标。然而，最近的数据显示，该国的国内生产总值在2025年第二季度环比收缩了0.1%。因此，政府将其2025年全年增长预测从4月份的0.6%略微下调至0.5%。

Italy's budget deficit could fall below 3% of GDP as early as this year, Economy Minister Giancarlo Giorgetti said on Wednesday, according to Reuters. “The deficit-to-GDP ratio will fall steadily below 3% from 2026, perhaps even from 2025 — we shall see,” Giorgetti said at an event in Rome. Last week, the minister announced that the government would lower its 2025 deficit-to-GDP target to 3%, down from a previous forecast of 3.3%. A ratio at or below 3% would allow Italy to exit the EU’s infringement procedure for excessive deficits by mid-2026 — one year ahead of schedule. In 2024, Italy’s deficit stood at 3.4%, comfortably below the government’s 3.8% goal. However, recent data showed that the country’s GDP contracted by 0.1% quarter-on-quarter in Q2 2025. As a result, the government has slightly revised its full-year 2025 growth forecast to 0.5%, down from 0.6% projected in April.

周三，富时MIB指数上涨1%，收于43484点，受债券收益率下降和乐观企业消息推动，银行股上涨。普睿司曼领涨该指数，此前瑞银将目标价从85欧元上调至105欧元，并重申买入评级，理由是美国关税带来的好处以及对人工智能和数据中心市场的强劲敞口。莱昂纳多在签署了一项新的18亿欧元与ESG挂钩的循环信贷额度后上涨了2.4%，该额度的利润率降低，期限延长至2030年。银行股上涨，Banco BPM上涨2.3%，UniCredit上涨2%。与此同时，汽车行业表现不佳，Stellantis因欧盟新的钢铁关税下跌1.2%，法拉利下跌0.6%。意大利电信股价下跌2.8%，此前意大利采取行动，设定了统一的30%的收购门槛，这可能允许最大投资者意大利邮政（+1.1%）在不触发收购要约的情况下增持股份。

The FTSE MIB climbed 1% to close at 43,484 on Wednesday, supported by bank gains amid lower bond yields and upbeat corporate news. Prysmian led the index after UBS raised its target price to €105 from €85 and reiterated a Buy rating, citing benefits from US tariffs and strong exposure to AI and data center markets. Leonardo added 2.4% after signing a new €1.8 billion ESG-linked revolving credit facility with reduced margins and extended duration to 2030. Banks advanced, with Banco BPM up 2.3% and UniCredit 2%. Meanwhile, autos lagged, with Stellantis down 1.2% on new EU steel tariffs and Ferrari slipping 0.6%. Telecom Italia dropped 2.8% after Italy moved to set a unified 30% takeover bid threshold, potentially allowing top investor Poste Italiane (+1.1%) to raise its stake without triggering a buyout offer.

在米兰，富时MIB指数周三上涨413点，涨幅0.96%。普睿司曼（4.63%）、Leonardo SpA（2.81%）和Banco BPM SpA（2.32%）领涨。跌幅最大的是意大利电信（-2.47%）、Stellantis N.V.（-1.33%）和倍耐力（-0.54%）。

In Milan, the FTSE MIB Index gained 413 points or 0.96 percent on Wednesday. Gains were led by Prysmian (4.63%), Leonardo SpA (2.81%) and Banco BPM SPA (2.32%). Biggest losers were Telecom Italia (-2.47%), Stellantis N.V. (-1.33%) and Pirelli (-0.54%).