The FTSE MIB dropped 229 points, or 1.1% to end at 20,028 on Friday, extending a 0.9% fall in the previous session, with travel and leisure shares among the worst performers after UK’s decision to add more European countries to its quarantine list. On the corporate front, Atlantia shares slid after Prime Minister Conte said that many details are still missing to end a long-standing dispute over the group’s motorway concession. PM Conte added that work was ongoing to review both the terms of the concession agreement and the ownership structure of Atlantia’s motorway unit Autostrade per l’Italia, as it was important that both companies stood by all the commitments outlined in a July 14 letter. Also, concerns over a delay in US fiscal stimulus weighed on sentiment. Still, for the week the index gained 2.6%.
Historically, the Italy Stock Market (FTSE MIB) reached an all time high of 50108.56 in March of 2000. Italy Stock Market (FTSE MIB) - data, forecasts, historical chart - was last updated on August of 2020.
The Italy Stock Market (FTSE MIB) is expected to trade at 19498.00 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 18066.00 in 12 months time.