The FTSE MIB closed flat at the 33,400 mark on Friday, around levels not seen since 2008, after the US jobs report reinforced market expectations of a midyear Fed rate cut. Earlier indications from both the European Central Bank and the Federal Reserve suggested potential interest rate reductions soon. On the corporate front, Telecom Italia emerged as top performer, rising nearly 5% to recover partly from yesterday's 23% plunge. In addition, Amplifon and Iveco Group also had a strong session, gaining around 2.5% each. Conversely, Azimut was the biggest laggard, declining over 5%. Moreover, Unicredit (-1.9%) ended up in negative territory after announcing plans for a dividend distribution in 2024. Weekly, the FTSE was up by more than 1.5%.
The main stock market index in Italy (IT40) increased 2917 points or 9.61% 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 March 9 of 2024.
The main stock market index in Italy (IT40) increased 2917 points or 9.61% 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 32599.64 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 31774.37 in 12 months time.