Italian Stock Market: MPS & Mediobanca Down, Oil Stocks in Focus – March 1, 2024

European and Italian stock markets are experiencing a rebound, with major indexes rising more than one percentage point after significant declines in the previous two sessions. This recovery comes amid fluctuating investor sentiment and ongoing monitoring of economic indicators.

As of 11:35 AM local time, the FTSEMib index had gained 1.3% to reach 45,047 points, oscillating between a low of 44,328 points and a high of 45,100 points. The FTSE Italia All Share also saw a 1.29% increase. Positive momentum was also observed in the FTSE Italia Mid Cap (+1.13%) and the FTSE Italia Star (+0.78%).

The value of bitcoin nearly reached $71,500 (approximately €61,500).

The spread Btp-Bund narrowed to below 70 basis points, with the yield on the 10-year BTP falling below 3.45%. This indicates easing concerns over Italian sovereign debt.

The euro is currently trading above $1.16.

Gold prices have risen to $2,100 per ounce, while silver has rebounded to $86 per ounce.

Focus remains on the banking sector following recent corrections. Investors are closely watching performance in the wake of broader economic uncertainty.

Shares of Monte dei Paschi di Siena continue to face selling pressure, down 1.72% to €7.647. Mediobanca is also experiencing a negative trend, falling 1.67% to €16.815.

Conversely, BPER Banca is showing strong gains, up 2.82% to €11.315 and Popolare di Sondrio has increased by 3.24% to €16.27.

Oil and gas stocks are in focus as the price of crude oil in New York (April 2026 contract) has recovered to $75 per barrel.

ENI is down 0.85% at €19.87.

FinecoBank is a leading performer today, rising 0.49% to €19.535. The company recently approved its industrial plan for the 2026-2029 period and provided forecasts for the current year.

Italgas is accelerating its decline, losing 1.63% to reach €10.248. The company released its 2025 financial results, reflecting the consolidation of the 21 Rete Gas group which occurred on April 1, 2025.

Lottomatica continues its positive trend, gaining 7.1% to €22.64. Several investment firms have revised their price targets upward following the release of the company’s 2025 financial results.

In the MidCap segment, Ariston Holding is experiencing a significant rebound, jumping 13.3% to €4.502 after a sharp decline in the previous session.