The FTSE MIB was flat to close at 33,736 on Thursday, as investors resumed trading after a mid-week break, and were met with a wave of fresh earnings reports and the US Federal Reserve's recent policy decision. The US central bank opted to keep interest rates steady and hinted at potential delays in rate cuts amidst disappointing inflation data. However, Chair Powell dismissed the possibility of a rate hike, affirming that the current policy stance is sufficiently restrictive to guide inflation back to target levels. 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% increase. Conversely, automotive giant Stellantis emerged as top decliner, experiencing a decline of 4.3%, 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 3 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.