What happened was truly unexpected. A session like the one today on the Milan stock exchange was hardly imaginable and what happened was doubly surprising. But how to interpret what happened today? Piazza Affari amazes with an unimaginable session and now this question arises, to which we try to give an answer. The Milan Stock Exchange surprised for two reasons. The first reason concerns the absolute size of the rebound, the second reason concerns the difference in return compared to other exchanges.
Piazza Affari amazes with an unimaginable session and now this question arises
After this session the following question arises: is today’s rise true glory or are we in the presence of a substantial rebound? This question can be answered by analyzing the two reasons why today’s session surprised. But before we analyze them, let’s see what happened in the numbers. At the end of the session, the Ftse Mib (INDEX:FTSEMIB) gained 2.3% to finish at 24,675 points. The lists of the Old Continent also recorded a very positive session but the rise was lower than that of our stock market. The German Dax index closed up by 1.3%, London by 1.7%, Paris by 1.8%. This is the first reason for surprise, namely that our stock market has done much better than the other lists.
The second reason for surprise is the size of the upside. Today the Ftse Mib started from yesterday’s close of 24.107 points. In the analysis “This title takes off with a stratospheric gain while Piazza Affari remains stunned“, Our experts had indicated a target of 24,500 points for today. This objective was largely exceeded, thanks to a session that started well and ended at the highest levels of the session, driven by purchases.
Rebound or start of a new bullish phase
And here comes the reflection to understand if this is a rebound or the beginning of a new bullish phase. The Milan stock exchange was the best of the major European indices and at the time of closing the US indices were up by half a percentage point. Either this euphoria has the strength to drag other markets behind it, or it is destined to run out quickly. In addition, in today’s session, the operators bought all the securities of the Ftse Mib with both hands. However, the preference went to securities other than banking ones. Banking stocks have certainly risen, but traders seem to have preferred other sectors. But as we wrote earlier this sector is the judge and alone can decide the success of the stock exchange. Without a collective rise in banking, no positive phase will be possible in Piazza Affari.
Deepening
This the multidays analysis and the analysis of international markets by the ProiezionidiBorsa Research Department
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(We remind you to carefully read the warnings regarding this article, which can be consulted who”)
