Sitting on a roller coaster for the Milan Stock Exchange. The Milanese price list today experienced a highly fluctuating day, with daring price drops and quick rises, fortunately. In the end, Piazza Affari limited the damage. Let’s analyze what happened thanks to the Bag Projections Experts.
Daring day for the Milan Stock Exchange which suffers two heavy punches and risks the knockout
It was a heavy start to the session for the Milan stock exchange, which immediately after the opening took a decisive path downwards. The first blow the stock market takes it in mid-morning, when the dramatic figures of the turnover of the industry in 2020 are published. Figures that indicate a collapse of 11.5%.
ISTAT, writes in the communication, which is the worst collapse since 2009. And it is perhaps this news that takes courage. It means that in 2009 it went worse and if the economy after 2009 has started to rise again, it will also do so after the terrible 2020.
This hypothesis was confirmed by the data relating to the last month of the year. These show how in December there was a strong recovery in economic activity in Italy.
After the first hit, the second punch comes from Wall Street
So, just before 12:00 some purchases return and Piazza Affari starts to rise again, canceling the losses of the day. In the early afternoon, when the Ftse Mib index (INDEX:FTSEMIB), is close to 23,000 points, the second blow arrives.
The American stock market opens with a heavy decline. The decline was in particular in technology stocks. The Nasdaq of wonders shows the rope and all the major titles of the technological list are being sold out.
The Ftse Mib index in half an hour collapsed again to the lowest level of the day. But the prices at 22,600 points find support again in the morning and as in the morning they bounce decisively.
In the end it was a daring day for the Milan Stock Exchange which suffers two heavy punches and risks being knocked out. But it is saved in the final. At the end of the day, the Ftse Mib closed down 0.3% to 22,939 points.
Even today Piazza Affari has shown that it is able to keep up with bearish pressures. Now there are no purchases to make the stock market make the hoped-for leap up, but perhaps it won’t be necessary to wait much longer.
Deepening
This the multidays analysis and the analysis of international markets by the ProiezionidiBorsa Research Department.
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