Since these record highs, the FTSE MIB 40 has had a volatile valuation. After the technology sector crashed in 2003, the index fell to 20,539 points – a 59% decline from 2000. Though it bounced back to valuations of over 40,000 points, the 2008 financial crisis saw the FTSE MIB 40 decline again, closing at 29,854 points.
Recovery from the financial crisis was slow, and the sudden increase in borrowing rates during the eurozone crisis caused the FTSE MIB to drop to 12,362.50 points in July 2012 – its lowest level since 1993.
The European Central Bank and US Federal Reserve led the global economic recovery, which stimulated the FTSE MIB 40 and other national stock markets. In February 2014, the FTSE MIB 40 began trading above 20,000 points again for the first time since the eurozone crisis.