The FTSE MIB erased early gains to close 0.3% lower at 24,793 on Friday, in line with its European peers, weighed down by shares of oil companies and banks, while pandemic and inflation concerns filled the background. On the pandemic front, more Italian regions risk the return of restrictions as the national infection rate climbed to 0.91 on Thursday from 0.66 a week earlier. Regional leaders have appealed to the Health Minister to focus more on COVID-19 hospitalizations, rather than the parameters used until now. On the corporate side, Italian pharmaceutical Recordati announced a major reshuffle in the top management of the company, as the current President is due to leave at the end of 2021 to head Italy’s new state-owned air carrier Ita. The index ended the week 0.6% lower.
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 July of 2021.
The Italy Stock Market Index (IT40) is expected to trade at 24037.40 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 21930.81 in 12 months time.