The FTSE MIB closed largely unchanged at 50,057 on Tuesday following the start of the earnings season. Financial stocks mostly outperformed, supported by a retreat in global bond yields and upbeat sentiment following record third-quarter earnings from major US lenders. MPS gained 0.5% after its shareholder meeting provided no further updates on its counterbid for Intesa Sanpaolo (0.2%). Unipol, Banca Mediolanum and BPER Banca each advanced over 1%, while Banco BPM fell 1.5% and Azimut shed 1.7%.Tech stocks fell as concerns of overspending ahead of earnings reports extended a selloff in chipmakers, while a breakthrough from China's CXMT added to the sector’s headwinds. Technoprobe led the index’s losses, falling 5.1%, followed by STMicroelectronics (-3.9%) and Prysmian (-2.2%). Stellantis fell 1.1% despite the autofirm's growing confidence in their EVs at the 2026 Paris auto show. Luxury Moncler fell 0.6% following LVMH's quarterly sales miss, underscoring weak demand from China.