The FTSE MIB closed 147 points or 0.6% lower at 24,429 on Friday, retreating to an over 1-week low in a choppy day for European markets. Investors were concerned over the safety of the AstraZeneca and now the J&J vaccines, as the EMA probes deeper into the rare blood clot cases. On the vaccination front, Mario Draghi criticized the vaccination campaign in Italy over the exclusion of the senior population from the priority queue when the plan was drafted in December. The Italian PM was also in talks with Moderna to acquire more vaccines than those already supplied under the EU agreement, with the aim to inoculate 80% of the population by September. On the corporate side, Saipem shed 3% after a downbeat outlook report released by Bank of America said the oil group will “underperform” the sector and will need a capital injection to reduce its debt. For the week, the index lost 1.5%.
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 April of 2021.
The Italy Stock Market (FTSE MIB) is expected to trade at 23944.83 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 22186.24 in 12 months time.