Milan runs and closes the session in the lead with a wide margin of advantage
In the last session of the week, the Ftse Mib index (INDEX-FTSEMIB) in Piazza Affari closed 1.3% up to 17,319 points. It is interesting to note two things. The index had started to fall, but managed to recover the parity around noon and rose until the opening of the US stock exchange. The weak start on Wall Street then slowed down the index race, which however maintained its positions.
It is also important to consider how Piazza Affari scored the best performance in Europe. In Frankfurt the Dax gained 0.07%, Paris closed with a fractional fall, London gave 0.4%. Zurich even sold 1.1%.
What pushed the stock exchange to do much better than the other European squares?
The 3 factors that pushed the Milan Stock Exchange upwards, to be taken into consideration for investing next week
There are 3 reasons that pushed the prices high. The first can be understood immediately by looking at the performance of the shares of Piazza Affari. Unicredit was the second best title among the top 40. It recorded a 4.3% gain. Among the top 10 best stocks there are 4 bankers. The rebound of the banks has allowed the Italian index to close sharply higher.
The second factor, but closely related to the first, is the drop in the spread. The yield differential between Italian BTPs and German Bunds declined further to close at 208, ever closer to the 200 point threshold. Level below which confidence in Italian government bonds returns.
The third factor is having managed to break away from the trend of Wall Street. Today, the Italian stock exchange has not allowed itself to be conditioned by the weak opening of the American stock exchange. This relative strength bodes well for the coming week.
Who knows that trust is not returning in Piazza Affari.