The FTSE MIB trimmed some of its early gains on Wednesday and is currently trading around the flatline as fresh inflation data from Spain and Germany states suggests that inflation might not yet be fully receding in the euro area. Still, investors are looking forward to significant global economic data releases this week, which could influence the trajectory of monetary policy of the prominent economies. Notable data points include the preliminary Eurozone inflation reading and upcoming jobs data from the US. Worth mentioning is the strong performance of the banking sector, after the Italian Prime Minister softened her tone on plans to impose a windfall tax, with Banca Monte dei Paschi Siena (+2.3%) and Intesa Sanpaolo (+0.9%) emerging as top performers within the index. Also, Saipem is gaining 1.4% after the group announced a deal with BWG for the sale of the FPSO Cidade de Vitória. Conversely, Stmicroeletronics (-1%) and Recordati Ord (-0.9%) are performing less favorably.
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 August of 2023.
The Italy Stock Market Index (IT40) is expected to trade at 27485.11 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 25076.38 in 12 months time.