在米兰，富时MIB指数周三下跌550点，跌幅1.29%。MFE MediaForEurope（-5.99%）、Banca Generali（-3.63%）和UniCredit（-3.54%）领跌。

In Milan, the FTSE MIB Index dropped 550 points or 1.29 percent on Wednesday. Losses were led by MFE-MediaForEurope (-5.99%), Banca Generali (-3.63%) and UniCredit (-3.54%).

周三，富时MIB指数下跌1.3%，收于41955点，投资者正在等待为期两天的联邦公开市场委员会会议的结果，市场预计，由于劳动力市场恶化的迹象，利率将下调25个基点。在企业方面，联合信贷银行（-3.6%）下跌，此前首席执行官Andrea Orcel强调波兰、意大利和德国是潜在的并购目标。今年早些时候，联合信贷银行对Banco BPM（-1.5%）的收购失败，而德国的反对意见阻碍了与德国商业银行的交易，通过衍生品转换，联合信贷的股份将在年底前增至29%。其他意大利银行也下跌（联合圣保罗银行-1.3%，Banca Mediolanum银行-1.8%）。法拉利（-2.6%）和莱昂纳多（-2.5%）下跌，而Nexi（+1.9%）表现优异。

The FTSE MIB fell 1.3% to close at 41,955 on Wednesday as investors awaited the outcome of the two-day FOMC meeting, with markets expecting a 25bps rate cut on evidence of a deteriorating labor market.On the corporate front, UniCredit (-3.6%) slumped after CEO Andrea Orcel highlighted Poland, Italy, and Germany as potential M&A targets. UniCredit’s bid for Banco BPM (-1.5%) collapsed earlier this year, while German opposition has stalled a deal with Commerzbank, where UniCredit’s stake is set to rise to 29% by year-end through derivative conversion. Other Italian banks also fell (Intesa Sanpaolo -1.3%, Banca Mediolanum -1.8%). Ferrari (-2.6%) and Leonardo (-2.5%) declined, while Nexi (+1.9%) outperformed.

周三，富时MIB指数下跌0.6%，至44260点左右，较前一交易日下跌超过1%，表现落后于欧洲同行。市场正在为美联储当天晚些时候的政策决定做准备，预计美联储将降息25个基点，因为政策制定者正在权衡劳动力市场疲软与关税驱动的通胀风险。交易员还将关注美联储的新点阵图和主席杰罗姆·鲍威尔的新闻发布会，以获得更多指导。在欧元区，人们的注意力转向了8月份的最终通胀数据。在交易所，早期落后者包括联合信贷银行、联合圣保罗银行、法拉利、泰纳瑞斯和MFE MediaForEurope，跌幅在0.7%至2.9%之间。上涨方面，意法半导体（+1.2%）、Stellantis（+3%）、Nexi（+1.8%）和意大利电信（+1.4%）上涨。

The FTSE MIB fell 0.6% to around 44,260 on Wednesday, extending an over 1% drop from the previous session and underperforming its European peers. Markets are bracing ahead of the Federal Reserve’s policy decision later in the day, with the US central bank expected to cut rates by 25 basis points, as policymakers weigh a weakening labor market against tariff-driven inflation risks. Traders will also focus on the Fed’s new dot plot and Chair Jerome Powell’s press conference for additional guidance. In the Euro area, attention turned to final August inflation figures. On the bourse, early laggards included Unicredit, Intesa Sanpaolo, Ferrari, Tenaris, and MFE-MediaForEurope, which fell between 0.7% and 2.9%. On the upside, STMicroelectronics (+1.2%), Stellantis (+3%), Nexi (+1.8%), and Telecom Italia (+1.4%) posted gains.

意大利10年期政府债券收益率微跌至3.5%，投资者正准备迎接一系列繁忙的货币政策公告。美联储预计将在周三降息至少25个基点，并在今年晚些时候发出进一步宽松的信号，因为官员们正在权衡劳动力市场放缓与关税相关的通胀压力。相比之下，预计英格兰银行和日本银行都将保持借贷成本不变。在欧元区，欧洲央行政策制定者敦促谨慎行事，强调了关税、服务通胀、食品成本和财政政策的风险。欧洲央行上周连续第二次会议搁置利率，表明其降息周期可能已经结束。

Italy’s 10-year government bond yield edged lower to 3.5%, as investors positioned for a busy stretch of monetary policy announcements. The US Federal Reserve is expected to cut rates by at least 25 basis points on Wednesday and signal additional easing later this year, as officials weigh a slowing labor market against inflationary pressures linked to tariffs. In contrast, the Bank of England and the Bank of Japan are both expected to keep borrowing costs unchanged. Within the euro area, ECB policymakers have urged caution, highlighting risks from tariffs, services inflation, food costs, and fiscal policy. The ECB last week left interest rates on hold for a second consecutive meeting, indicating that its rate-cutting cycle may be over.