The FTSE MIB rose by 0.8% to trade at the 34,200 threshold on Friday, tracking its European peers higher, supported by positive corporate earnings worldwide. Meanwhile, traders eagerly await the US PCE price data release later in the day to gain further insights into the Federal Reserve's monetary policy direction. In Italy, the financial sector, particularly major players like Unicredit and Intesa Sanpaolo, saw gains of around 1%. Tenaris also performed well, with nearly a 1% increase, buoyed by better-than-expected Q1 financial results in terms of turnover and profitability. For the week, the FTSE is on track to record a 0.8% increase.
The main stock market index in Italy (IT40) increased 3869 points or 12.75% 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 April 26 of 2024.
The main stock market index in Italy (IT40) increased 3869 points or 12.75% 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 34006.69 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 31869.55 in 12 months time.