The FTSE MIB added 0.4% to hover around the 34,000 threshold on Thursday, as investors resumed trading after a mid-week break, and were met with a wave of significant earnings reports and reassurances from Federal Reserve Chairman Jerome Powell, who dismissed the possibility of raising interest rates to tackle inflation. On the corporate front, notable gains were seen in major lenders like Unicredit and Intesa Sanpaolo, both climbing around 1%. Utility stocks, particularly Enel, also performed well, posting a 1.5% increase. Conversely, automotive giant Stellantis emerged as top decliner, experiencing a decline of over 3%, attributed to a downgrade in recommendation by analysts at Mediobanca.
The main stock market index in Italy (IT40) increased 3421 points or 11.27% 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 May 2 of 2024.
The main stock market index in Italy (IT40) increased 3421 points or 11.27% 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 33264.09 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 31856.85 in 12 months time.