In Piazza Affari the upward trend that began in November continues and now we are talking about a December rally. Rally that could be favored by a phenomenon taking place on the financial markets.
Today important flows of money have pushed the Milan stock exchange to yet another rise. Let’s see what happened today, thanks to the analysis of the day by the ProiezionidiBorsa Study Office.
Important flows of money have pushed the Milan stock exchange to yet another rise
Yet another session on the rise of Piazza Affari. Even today, the Milan stock exchange is at the top of the group of European stock exchanges in terms of performance. It really seems that Milan is starting to attract foreign investors. This is demonstrated by the fact that for some sessions it has been the best price list in Europe, a sign that purchasing flows here are greater than elsewhere.
Today the blue chip index, the Ftse Mib (INDEX:FTSEMIB), closed up almost 0.9% to 21,622 points. In Europe the German Dax gained 0.5%, in London the Ftse 100 rose by 0.3%, in Paris the Cac by 0.5%. The pan-European Euro Stoxx 50 index gained 0.4%.
What is driving the Italian stock exchange? It is the rise in financial stocks, in particular bank stocks. A sector sacrificed for months and at historic lows, but which now seems to have entered the crosshairs of investors. It is no coincidence that today the best stock among the blue chips has been BPER Banca. The share closed the session up 6% at 1.41 euros.
There is an ongoing investment rotation
It is plausible to think that an investment rotation is starting. A rotation both on the productive sectors and on a geographical level. Liquidity up to the end of October rewarded technology stocks and the US stock exchange. Now, probably, it is moving to Europe on the sectors most linked to the economic cycle.
We go to look for the sectors most penalized and the lists that have suffered the most. Because? Because they are the ones that guarantee greater appeal in terms of climbing. And in this respect our list is in pole position.
And in fact for a few sessions all Italian bankers have given signs of awakening. Just look at the Ftse banks index, on the highs of the last 8 months.
Deepening
This the multidays analysis and the analysis of international markets by the ProiezionidiBorsa Research Department.
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