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10.03.202617:22:46UTC+00Italian Stocks Rebound on Tuesday

The FTSE MIB index rose 2.7% to close at 45,202 on Tuesday, rebounding from Monday’s three-month low as a sharp pullback in key energy prices eased fears of a renewed inflation spike that could force the ECB to raise interest rates. Natural gas benchmarks declined, lowering input costs for a feedstock that powers nearly half of Italy’s electricity generation and bolstering demand for BTPs, which in turn drove a marked decline in their yields. Banks pared some of this month’s steep losses, with UniCredit advancing nearly 6%, while BPM, BPER, and Mediobanca each gained about 5%. Meanwhile, STMicroelectronics followed the global rally in semiconductor stocks after TSMC reported robust sales, lifting its shares by 3.9%.

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