Global stock markets are in freefall mode today. The major European indices started the day with significant bearish gaps. The Italian index opened 3.5% lower today and remained under pressure throughout the session. From a technical point of view, the index is trading near key support zone. The area at 23300 pts is marked with a lower limit of Overbalance structure as well as previous price reactions. It is also strengthened by 100-period moving average (red line). It could be a good place to start recovery but traders should keep in mind that breaking below 23300 pts would shift long-term trend to bearish.
ITA40 D1 interval. Source: xStation5
Three markets to watch next week (09.02.2026)
US100 gains after the UoM report🗽Nvidia surges 5%
Market update: recovery takes hold, but investors remain on edge
Market wrap: European indices attempt a rebound after Wall Street’s record selloff 🔨
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
