The bullish party on the Stock Exchange is only postponed, that’s what has held back Piazza Affari
If it were a tennis match it could be said that Piazza Affari burned the first match point. The game is not yet compromised, indeed. But the first opportunity to give the winning shot was missed. The blue chips index, the Ftse Mib (INDEX-FTSEMIB), failed to close the week beyond the 18,300 point threshold. If prices had ended above this level, it would have been a strong sign of an increase for the next week. Instead at the end of the day the index ended at 18,197 points down by 0 85%.
On the positive side, Piazza Affari has done better than other European stock exchanges. In addition, it must be taken into account that after a downward opening, in the middle of the session the index had managed to return above 18,300 points. Unfortunately, the negative opening of Wall Street has dragged down the European lists including Piazza Affari.
There are all the conditions that the Italian stock market will do well next week
What did the bags of the Old Continent fold?
The rise in tension between the United States and China weighed on the stock exchanges. The media war between the two superpowers disturbs the financial markets because it is seen as a potential obstacle to the recovery of the economy. It is no coincidence that yesterday the American stock market closed weak and today opened downhill.
Returning to Piazza Affari, the appointment with the bullish phase is only postponed. The media skirmishes between the United States and China will be downsized next week and the US stock market will resume grinding upwards. Or at least that’s the hope. Because if not, it would mean that the tensions between the two superpowers would have escalated over the weekend. And in this time of recession in world economies, we can all afford less than a trade war.