The FTSE MIB added 443 points, or 2% to 22,145 on Tuesday, the highest close since February 27th amid continuous optimism about coronavirus. Italy reported 23.2 thousand new coronavirus infections on Tuesday, slightly up from Monday’s three-week low of 22.9 thousand. Hopes of a coronavirus vaccine soon and an orderly and peaceful start of the transition of power in the US also lifted sentiment. On the corporate front, Italy told top utility Enel that it must bear in mind in any sale of its stake in broadband group Open Fiber that plans to create a national ultra-fast network are a matter of urgency and cannot be delayed.
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 November of 2020.
The Italy Stock Market (FTSE MIB) is expected to trade at 21395.16 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 19823.82 in 12 months time.