在米兰，富时MIB指数周五下跌744点，跌幅1.74%。领跌的是Stellantis N.V.（-6.95%）、Tenaris（-5.07%）和Leonardo SpA（-4.54%）。

In Milan, the FTSE MIB Index fell 744 points or 1.74 percent on Friday. Leading the losses are Stellantis N.V. (-6.95%), Tenaris (-5.07%) and Leonardo SpA (-4.54%).

受疲软的工业数据和企业亏损的压力，富时MIB指数周五下跌1.7%，至42047点。意大利8月份工业生产下降2.4%，为12月以来最大跌幅，抹去了最近的涨幅。Stellantis在法国政治动荡中暴跌7%以上，而法拉利在周四因长期目标疲软而下跌16%后，将跌幅扩大至-2.8%。泰纳瑞斯在降级后下跌5.2%，莱昂纳多下跌超过4%，因为加沙停火后国防股下跌。布鲁内洛·库奇内利在俄罗斯相关调查中下跌4.5%。银行股下跌，Azimut下跌3.3%，UniCredit下跌1.7%，Intesa下跌0.5%，而埃尼集团因油价下跌下跌3%。在特朗普总统威胁要“大幅提高”对中国商品的关税，引发贸易战担忧后，尾盘情绪进一步减弱。另一方面，公用事业表现优异，Enel、Terna和Snam上涨约1%。

The FTSE MIB fell 1.7% to 42,047 on Friday, pressured by weak industrial data and corporate losses. Italy’s industrial production dropped 2.4% in August, the steepest decline since December, erasing recent gains. Stellantis slumped over 7% amid French political turmoil, while Ferrari extended losses to -2.8% after Thursday’s 16% drop on weak long-term targets. Tenaris fell 5.2% after a downgrade, and Leonardo lost over 4% as defense stocks declined following a Gaza ceasefire. Brunello Cucinelli dropped 4.5% amid a Russia-related probe. Banking shares retreated, with Azimut -3.3%, UniCredit -1.7%, and Intesa -0.5%, while Eni slid 3% on weaker oil. Late-session sentiment weakened further after President Trump threatened a “massive increase” in tariffs on Chinese goods, raising trade war concerns. On the other hand, utilities outperformed, with Enel, Terna, and Snam up about 1%.

意大利10年期政府债券收益率降至3.48%，为2025年9月以来的最低水平。过去4周，意大利10年期债券收益率上涨0.57个基点，过去12个月下跌7.30个基点。

Italy 10 Year Government Bond Yield decreased to 3.48%, the lowest since September 2025. Over the past 4 weeks, Italy 10Y Bond Yield gained 0.57 basis points, and in the last 12 months, it decreased 7.30 basis points.

意大利10年期英国国债收益率徘徊在3.5%左右，略低于法国总理辞职扰乱市场后的3.6%的高点，因为投资者在欧洲进一步的政治行动中保持谨慎。市场正密切关注法国总统马克龙准备任命新总理，这标志着他任期内政府领导层的第六次更迭。标准普尔全球将于周五审查意大利的信用评级，市场预计在增长疲软抵消财政进展的情况下，“BBB+”评级和稳定前景将得以维持。在宏观方面，欧洲央行表示有意保持利率稳定，并表示目前的政策足以将中期通胀目标锚定在2%。

The yield on Italy’s 10-year BTP hovered around 3.5%, holding slightly below the high of 3.6% after the French prime minister’s resignation rattled markets, as investors remained cautious amid further political moves in Europe. Markets are closely watching French President Macron as he prepares to appoint a new prime minister, marking the sixth change of government leadership during his tenure. S&P Global is set to review Italy’s credit rating on Friday, with markets expecting the “BBB+” rating and stable outlook to be maintained amid weak growth offsetting fiscal progress. On the macro front, the European Central Bank signaled its intention to keep interest rates steady, stating that current policy is sufficient to anchor the medium-term inflation target at 2%.