The FTSE MIB fell 0.2% to close at 43,071 on Tuesday, pressured by weakness in finance and technology stocks. Financial shares traded mostly lower, with MPS (-1.7%), Banco BPM (-1.7%), BPER Banca (-1.8%), Mediobanca (-0.6%), BP Sondrio (-1.5%), Unicredit (-0.6%), and Intesa Sanpaolo (-0.2%) all weighing on the index. Kepler Cheuvreux downgraded BPER Banca to “hold” from “buy,” citing limited upside after a nearly 60% rally this year, while raising its target price to €10.3. Meanwhile, Goldman Sachs disclosed a 0.001% stake in MPS, down from 3.011% a day earlier. M&A speculation continued to surround Mediobanca, Generali, Unicredit, and Intesa Sanpaolo. Among gainers, Generali (+0.5%), Unipol (+2%), Finecobank (+1.2%), and Azimut (+2.1%) advanced. STMicroelectronics (-1.8%) led tech losses, while Leonardo slipped 0.9%. On the upside, luxury stocks outperformed, with Moncler (+2.3%) and Brunello Cucinelli (+2.1%) rallying on optimism over new designer launches and affordability efforts.