Business

Stock markets fall in Europe, Milan impacted by oil rally

European stock markets close lower, with Milan seeing significant losses due to rising oil prices.

2 October 2026Tagblick Newsdesk

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Archive photo: Stock markets fall in Europe, Milan impacted by oil rally — Archive photoPhoto: Bert Kaufmann · Flickr · BY-SA

European stock markets closed lower, with Milan in particular recording a decline of 2.21%. Paris lost 1.62% and London dropped by 1%, while Frankfurt registered a slight decrease of 1%.

The price of oil has surpassed $100 per barrel, with Brent and WTI showing an increase of about 2%. This situation has had a direct impact on the markets, contributing to the decline in stock values. After several fluctuations, the spread between Btp and Bund rose to 126 points, then decreased to 118.

Some sectors have shown particular weakness, including banking and automotive. However, Fincantieri and STM exhibited counter-trend performances, showing signs of growth despite the overall negative trend.

The situation of Italian and French bonds remains under observation amid persistent tensions. Yields have shown inversions, with the Italian ten-year bond dropping to 4.66%.

Milan's difficulties were exacerbated by a negative performance from Tim's shares, which contributed to the overall decline. In the current context, market interest remains focused on government bonds, rendered vulnerable by the volatility of bonds.

Despite significant losses, the Ftse Mib held above the 50,000-point threshold, while Technoprobe positioned itself at the top of the list, indicating that not all performances are struggling.

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