The FTSE MIB climbed 262 points, or 1.3% to 19,768 on Friday, rebounding from three sessions of losses and following a 2% drop in the day before, after recent data showed industrial production in Italy jumped more than expected by a record 42.1% in May after suffering steep falls in March and April. Still, the Bank of Italy forecast the Italian economy to contract by a deeper 9.5% in 2020, compared to a 9.2% drop projected in June 5th; while a 4.8% expansion in 2021 was kept unchanged. For the week, the FTSE MIB was up 0.2% as caution remained due to the rise in new coronavirus infections in the world.
Historically, the Italy Stock Market (FTSE MIB) reached an all time high of 50108.56 in March of 2000. Italy Stock Market (FTSE MIB) - data, forecasts, historical chart - was last updated on July of 2020.
The Italy Stock Market (FTSE MIB) is expected to trade at 19271.43 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 17856.07 in 12 months time.