The FTSE MIB cut early losses to close about 0,6% higher at 33,495 on a volatile session Friday, tracking other European peers in the wake of the good performance of Wall Street. A fresh PMI survey from the US revealed stronger-than-expected performance in November. Meanwhile, disappointing and even worrying figures from the eurozone and key European nations have raised expectations that the ECB will act strongly to support the region’s economic recovery. Among stocks, Brunello Cucinelli (+3.8%) led the gains, followed by Diasorin (+3.2%) and Recordati (+2.9%). On the flip side, banks saw the worst performance, impacted by the prospect of falling rates, which can erode institutional margins. In this context, Unicredit led the declines, falling by 1.9%, while Bper (-1.5%), Banco BPM (-1.2%), and MPS (-1.%) also recorded losses. For the week, however, the FTSE MIB slumped around 2%.
The main stock market index in Italy (IT40) increased 3216 points or 10.60% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Italy. Historically, the Italy Stock Market Index (IT40) reached an all time high of 50108.56 in March of 2000. Italy Stock Market Index (IT40) - data, forecasts, historical chart - was last updated on November 23 of 2024.
The main stock market index in Italy (IT40) increased 3216 points or 10.60% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from Italy. The Italy Stock Market Index (IT40) is expected to trade at 34075.19 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 32703.75 in 12 months time.