The FTSE MIB rose 0.8% to 26,489 on Friday, the highest since August 13th and extending a 1.2% gain in the previous session, as strong quarterly earnings results weighed positively on investors' sentiment and helped to lull the recent inflation jitters. The banking and energy sectors continued to boost the index as oil prices hit 82$ a barrel, while better-than-expected quarterly results from US financial giants continued to spill on Italian shares. The key stock index closed the week with 1.7% gains, the most in nine weeks.
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 October of 2021.
The Italy Stock Market Index (IT40) is expected to trade at 25247.75 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 23129.04 in 12 months time.