Italian Stocks Rebound on Tuesday

2026-03-10 17:22 By Andre Joaquim 1 min. read

The FTSE MIB index closed 2.7% higher at 45,202 on Tuesday, rebounding from the three-month low yesterday as a sharp retreat in key energy prices soothed concerns of a fresh bout of inflation that may force the ECB to hike rates.

Natural gas benchmarks dropped, easing costs for the feedstock of nearly half of Italy's power production and supporting BTP demand for a sharp reduction in their yields.

Banks trimmed their plunges this month with UniCredit adding close to 6%, while BPM, BPER, and Mediobanca jumped 5%.

In turn, STMicroelectronics tracked the strong session for chip stocks across the globe after TSMC reported strong sales, lifting their shares by 3.9%.



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