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The FTSE MIB rose 0.3% to around 42,000 on Thursday, halting a two-day decline and moving in line with regional peers. Traders continued to digest the Federal Reserve’s latest policy move, in which the central bank cut rates by 25 bps as expected and signaled the possibility of at least two more reductions before year-end. Despite this, Fed Chair Jerome Powell struck a cautious tone on further easing, describing the move as a risk-management measure in response to a softening labor market. Across the Eurozone, attention turns to the Bank of England, which is expected to hold interest rates steady. On the corporate front, strong gains were seen from Ferrari (+1.4%), Leonardo (+1.8%), Prysmian (+2.2%), and STMicroelectronics (+2.1%). Finance stocks were also among early gainers, including Banco (+1.4%), Banca Mediolanum (+1.1%), and Banca Monte dei Paschi di Siena (+2.6%).

FTSE MIB Halts Two-Day Drop

The DAX in Frankfurt climbed more than 1% on Thursday, surpassing the 23,600 mark and outperforming its European peers, as traders cheered the latest Federal Reserve decision. The US central bank cut interest rates by 25 basis points, as expected, marking its first reduction in nine months, and signaled two more cuts before year’s end. Tech stocks and banks were among the top performers.

DAX Inches Higher

The Central Bank of Jordan reduced its benchmark interest rate by 25 bps to 6.25% on September 18, 2025, marking its first rate cut since December last year. The move came in the wake of a similar policy action by the Federal Reserve, reflecting the close alignment of Jordan’s monetary policy with Fed decisions due to the dinar’s peg to the US dollar. This latest cut brought borrowing costs to its lowest level since late 2022. The decision also follows easing inflationary pressures, with Jordan’s annual inflation rate slowing for the second consecutive month to 1.3% in August, down from 1.7% in July, reaching its lowest level since November 2024. Meanwhile, the Jordanian economy has maintained solid momentum, expanding 2.7% year-on-year in both Q1 and Q2, its strongest pace since Q3 2023, despite ongoing regional instability and broader global and domestic economic challenges.

Jordan Cuts Key Rate to 6.25% After Fed Move

The STOXX 50 jumped 0.7% and the STOXX 600 was up 0.5% on Thursday, as trackers digest the latest Fed decision. The central bank cut the fed funds rate by 25bps as expected and signalled 50bps of additional cuts until the end of the year. However, Chair Powell emphasized that the move should not be seen as the start of a new easing cycle. Meanwhile, the Bank of England is set to leave borrowing costs when it announces the monetary policy decision later in the day. On the corporate front, SAP (2.3%), ASML Holding (2%), Linde (1.8%), Siemens (1.3%) and Schneider Electric (2.2%) booked strong gains. The banking sector was also among the top performers, including Banco Santander (2.1%), UniCredit (1%), Intesa Sanpaolo (0.9%), BNP Paribas (1.1%)

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