Business · Markets · 6 hrs ago
European stocks edge higher as Milan tech shares fall
European stock markets moved slightly higher as investors weighed economic forecasts and company results.
The International Monetary Fund expects the world economy to grow by 3.1% this year, but inflation may stop falling because of a supply shock linked to the war in the Middle East.
Technology shares fell in Milan, including STMicroelectronics, Technoprobe and Prysmian, following losses in Asian markets.
Investors also watched a dispute involving Banca Monte dei Paschi di Siena and Intesa Sanpaolo, after MPS responded to Intesa’s improved offer without announcing a concrete counteroffer.
LVMH’s nine-month revenue disappointed some analysts, putting luxury companies such as Brunello Cucinelli and Moncler in focus.
Campari shares rose as its Wine & Spirits division reported growth.
Investors were also waiting for US bank results and home sales figures, which were due later that day.
European stock markets traded cautiously higher, supported in part by the International Monetary Fund’s global growth forecast.
The IMF projected global GDP growth of 3.1% this year.
The article warned that inflation could stop declining, mainly because of a negative supply shock from the war in the Middle East.
Milan’s FTSE MIB rose modestly, in line with the CAC 40 in Paris and the DAX 40 in Frankfurt.
Technology shares in Milan fell, with STMicroelectronics, Technoprobe and Prysmian among the weakest stocks.
- Who
- European stock markets, including Milan’s FTSE MIB, Paris’s CAC 40 and Frankfurt’s DAX 40.
- What
- European shares traded cautiously higher, while technology stocks in Milan fell.
- When
- October 13, 2026, according to the article’s publication date.
- Where
- European markets, with specific attention to Milan.
- Why
- Markets were supported in part by the IMF’s global growth projections. The article said inflation risks remained because of a negative supply shock from the war in the Middle East.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- IMF global GDP projection
- 3.1% growth this year
- FTSE MIB
- Cautiously higher
- German inflation
- 3.3% year-on-year in September, up from 2.9% in August
- Weak Milan tech shares
- STMicroelectronics, Technoprobe and Prysmian
- Korean Kospi
- Down 5.4%
Sources
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