Business · Markets · 15 hrs ago
European shares extend recovery as Milan returns above 50,000 points
European stock markets continued to recover after turbulence the previous week, and Milan’s FTSE MIB index returned above 50,000 points.
Investors are watching US inflation figures for September, due Wednesday, for clues about the Federal Reserve’s next decisions on interest rates.
Forecasts cited in the market update put inflation at 3.6%, up from 3.4%, partly because of energy costs.
Oil prices fell slightly but remained volatile amid concerns about supply from the Middle East and conflicting statements about a proposed energy truce between Russia and Ukraine.
Markets are also turning to the start of the quarterly earnings season, beginning with major US banks and European technology company ASML.
In Italy, attention is on a special board meeting at Banca Monte Paschi Siena after Intesa Sanpaolo renewed its offer for the bank.
Investors will also follow France’s draft budget debate, which begins Tuesday amid uncertainty over whether it has a stable parliamentary majority.
European shares extended their recovery after last week’s market turbulence, with Milan’s FTSE MIB returning above 50,000 points.
The index had fallen below that level during the previous week.
Investors were watching for US September inflation data due on Wednesday for clues about the Federal Reserve’s next moves.
Brent crude was around $104 a barrel after topping $105 overnight, while WTI was above $90.
The report said oil markets were assessing the resilience of Middle East supply flows amid heightened tensions.
- Who
- European stock markets, including Milan’s FTSE MIB.
- What
- European shares continued their recovery, and Milan’s index returned above 50,000 points.
- When
- The report was published on October 12, 2026.
- Where
- European markets, including the Milan stock exchange.
- Why
- The report linked the recovery to a rebound after last week’s market turbulence; it did not state a specific cause.
Donald Trump
Russia and Ukraine
Energy truce
Donald Trump
Trump said an energy truce between Russia and Ukraine had begun.
Russia and Ukraine
The parties denied that a truce had begun.
European markets experienced turbulence, and Milan’s FTSE MIB fell below 50,000 points.
An attack took place at Riyadh airport, increasing tensions, according to the report.
European shares continued their recovery, and Milan’s FTSE MIB returned above 50,000 points.
US September inflation data was due, with forecasts pointing to a 3.6% increase in prices from 3.4%.
- Milan FTSE MIB
- Returned above 50,000 points
- Brent crude
- Around $104 a barrel, down 0.6%
- WTI crude
- Above $90 a barrel, down 1.2%
- US September inflation forecast
- 3.6%, up from 3.4%
- Publication date
- October 12, 2026
Sources
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