Piazza Affari continues on its march and seems unstoppable. Even in the last eighth session, the Milan Stock Exchange took home a rise, closing the week with a positive balance.
We need to pay attention to today’s events, because understanding what happened on the Milan Stock Exchange is essential to understand what will happen next week. Here is the analysis of the day of the Bag Projections Experts.
Piazza Affari is leading the recovery of equity in Europe
If the Milanese market rises, they find it hard to keep up with the other European stock exchanges. Piazza Affari off all the price lists even today. The stock markets of the Old Continent all closed up. But with fractional earnings, less than half that of the Italian stock market.
At the end of the session, the blue chip index, the Ftse Mib (INDEX:FTSEMIB), closed up 0.8% at 21,707 points. The Euro Stoxx 50 index gained 0.4%, the German stock exchange 0.3%, Paris 0.4%, Madrid 0.5%, London 0.1%.
While Piazza Affari is leading the Europe of the stock exchanges, and reinforces the uptrend every day, Wall Street stutters. Even today it had an uncertain start. The US stock market seems to have lost the swashbuckling confidence it had until the end of October. Swaggering security that the Milan Stock Exchange is buying day after day.
Because understanding what happened on the Milan stock exchange is essential to understand what will happen next week
Among the stocks of the blue chips today, once again, banks have stood out. The banks, for months a ballast of the Italian stock exchange, now seem to become the driving force. The top three blue chip stocks today were BPER Banca, Unipol and Banco BPM, with gains of 4.1%, 3.7% and 3.6% respectively.
BPER has been on the rise for a couple of weeks now. Prices today also enjoyed indiscretions on banking risk, of which it is currently the protagonist. Rumors of an agreement with Banco BPM are returning, hence the good performance of the latter as well. In the event of a merger, the third Italian banking group would be created, after Intesa and Unicredit.
The market believes in it and buys. And bank risk and investments in banks will be the fuel that can push prices next week as well.
Deepening
This the multidays analysis and the analysis of international markets by the ProiezionidiBorsa Research Department.
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