The FTSE MIB index was sharply lower at the 21,800 level on Wednesday, remaining volatile amid fears of economic contraction as central banks signal tighter policy. Outlooks of higher borrowing costs pressured the tech sector in Milan, led by a near 2% decline for STMicroelectronics. The heavyweight financial sector also fell with UniCredit shares down 3%, while retail shares booked losses as consumer confidence data throughout Europe point to sharp declines. Meanwhile, investors are to remain attentive on speeches by ECB President Lagarde and Fed Chair Powell at the ECB’s forum in Portugal.
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 June of 2022.
The Italy Stock Market Index (IT40) is expected to trade at 21401.48 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 19024.28 in 12 months time.