FTSE MIB Rallies as Oil Prices Stabilize and Banking Stocks Recover

Milan, Italy – March 10, 2026 – Italian stock markets experienced a significant rebound today, mirroring gains seen in major European financial centers. The recovery follows a period of volatility in the previous session, driven by geopolitical concerns and fluctuating oil prices.

Market Performance

As of 09:10 am local time, the FTSE MIB index surged 2.46% to reach 45,110 points. The broader FTSE Italia All Share index also rose by 2.4%. Mid-cap and small-cap indices followed suit, with the FTSE Italia Mid Cap increasing by 2.1% and the FTSE Italia Star climbing 1.71%.

Global Market Overview

The positive momentum extended to global markets. On March 9, 2026, US stock indexes closed with gains: the Dow Jones Industrial Average recovered 0.5% to 47,741 points, the S&P 500 gained 0.83% to 6,796 points, and the Nasdaq Composite rose 1.38% to 22,696 points.

Asian markets also performed strongly, with the Nikkei 225 in Tokyo closing up 2.88% at 54,248 points, after trading between 53,487 and 54,694 points during the day.

Commodity and Currency Movements

Bitcoin experienced a recovery, trading at around $70,500 (approximately €60,500). The spread between Italian and German 10-year government bonds (BTP-Bund spread) narrowed to below 70 basis points, with the yield on the 10-year BTP falling to 3.5%. The euro strengthened against the dollar, exceeding $1.165. Gold reached $5,190 per ounce, while silver rose to $89.50.

Sector Spotlight: Oil and Banking

Oil sector stocks were closely watched after the price of crude oil (April 2026 contract) stabilized at $86.50 a barrel, following a brief dip below $85. However, ENI experienced a decline, falling 2.33% to €20.505.

Banking stocks led the recovery, rebounding from the previous session’s volatility. Monte dei Paschi di Siena saw a particularly strong increase, rising 4.05% to €7.33. UniCredit gained 4.66% to reach €68.12, BPER Banca increased by 4.6% to €11.265, and Banca Popolare di Sondrio rose 4.46% to €16.28.

Other Notable Movements

Leonardo experienced a negative start, declining 1.92% to €61.28.