The FTSE MIB Index fell 1.2% to close at 26,565 on Friday, ending the week 1.8% lower, as investors treaded carefully amid prospects of faster monetary policy tightening, geopolitical tensions, and political uncertainty in a volatile week for world equities. Energy and industrial stocks took the most losses, led by Saipem (-5.1%) and Cnh Industrial (-3.3%). Stellantis lost 2.7% after Chinese automaker GAC scolded the French/Italian group for increasing their stake in the GAC-Stellantis joint venture without prior approval. At the same time, UniCredit dropped 0.2%, slightly outperforming the financial sector, after posting corporate results that beat market forecasts and confirming the bank is no longer pursuing the acquisition of Otkritie Bank due to geopolitical tensions in Russia. On the political front, Italian lawmakers will once resume voting in the sixth round of elections, after blank ballots dominated previous voting rounds as parties failed to compromise on candidates.
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 January of 2022.
The Italy Stock Market Index (IT40) is expected to trade at 26047.62 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 24046.64 in 12 months time.