Live status, 2026 calendar and Europe/Rome timezone
The Borsa Italiana is Italy’s main stock exchange and one of the largest in Europe. Based in Milan, it has been part of the Euronext group since April 2021 (acquired from the London Stock Exchange Group for €4.4 billion).
Its benchmark index is the FTSE MIB, which tracks the 40 largest Italian companies. ENI, Intesa Sanpaolo, UniCredit and Enel are its heavyweights.
For a European trader, the Borsa Italiana is a familiar venue: same time zone as the continent, same market structure, and usually accessible through the same brokers as other European equities.
The Borsa Italiana has no lunch break. The trading session is continuous from 9:00 AM to 5:30 PM CET.
Italy is in the Europe/Rome time zone (CET in winter, CEST in summer), identical to the rest of continental Europe. London is one hour behind (GMT/BST).
The Borsa Italiana (Euronext Milan) follows the Euronext calendar, with seven weekday closures in 2026 (26 December, St Stephen’s Day, falls on a Saturday).
| Date | Holiday | Session |
|---|---|---|
| 1 January | New Year’s Day | Closed |
| 3 April | Good Friday | Closed |
| 6 April | Easter Monday | Closed |
| 1 May | Labour Day | Closed |
| 24 December | Christmas Eve | Closed |
| 25 December | Christmas Day | Closed |
| 31 December | New Year’s Eve | Closed |
Note: 26 December (St Stephen’s Day) is also a Borsa Italiana holiday, but it falls on a Saturday in 2026. As the market is already closed at weekends, it has no impact on trading sessions.
As on the other European venues, FTSE MIB volumes concentrate at the open and during the overlap with Wall Street.
The Borsa Italiana shares its hours with the other continental European venues. Here is how they line up:
| Exchange | Open | Close | Benchmark | Timezone |
|---|---|---|---|---|
| 🇮🇹 Borsa Italiana | 9:00 AM | 5:30 PM | FTSE MIB | CET (UTC+1) |
| 🇫🇷 Euronext Paris | 9:00 AM | 5:30 PM | CAC 40 | CET (UTC+1) |
| 🇩🇪 XETRA (Frankfurt) | 9:00 AM | 5:30 PM | DAX 40 | CET (UTC+1) |
| 🇬🇧 LSE (London) | 8:00 AM* | 4:30 PM* | FTSE 100 | GMT (UTC+0) |
| 🇪🇸 BME (Madrid) | 9:00 AM | 5:30 PM | IBEX 35 | CET (UTC+1) |
The Borsa Italiana (Euronext Milan) is organised around several equity indices and markets dedicated to different instruments.
The indices
The markets
The FTSE MIB is heavily concentrated in financials: banks and insurers account for nearly half of the index, ahead of utilities and energy. ECB decisions and moves in the BTP/Bund spread (the gap between the 10-year Italian and German government bonds) directly drive the index’s behaviour.
The BTP/Bund spread is the yield difference between 10-year Italian sovereign bonds and equivalent German Bunds. It is a barometer of perceived risk on Italian debt.
Traders who follow the FTSE MIB watch this spread in real time. A sudden spike in the spread, often triggered by an Italian political crisis or ECB announcements, can send the FTSE MIB down 2 to 4% in a single day.
To follow the FTSE MIB in real time from Europe, ProRealTime provides access to Borsa Italiana quotes with the historical data needed to backtest Italian stocks. Try ProRealTime for free.
No. It operates Monday to Friday only, excluding public holidays.
The FTSE MIB tracks the 40 largest Italian caps, the Italian equivalent of the CAC 40. The FTSE Italia All-Share is a broader index covering most of the market (small, mid and large caps).
Yes. The large Italian names are generally accessible through European brokers. Some are also listed on Euronext Paris or Euronext Amsterdam.
The FTSE MIB is overweight banks, which make up around 30–35% of the index. Banks are highly sensitive to interest rates and to the quality of Italian sovereign debt. When the BTP/Bund spread widens, Italian banks correct immediately, a mechanism the more diversified CAC 40 does not reproduce to the same extent.
Maxime holds two master’s degrees from the SKEMA Business School and FFBC. As founder and editor-in-chief of NewTrading.fr, he writes daily about financial trading.
