The rain of sales on Wall Street has bent but not broken Piazza Affari

Piazza Affari recorded a new negative session. But the way the day went in the first hour of trading, this can be counted as a positive session. Let’s see what happened today and why the rain of sales on Wall Street has bent but not broken the Milan Stock Exchange.

The Milan Stock Exchange bends but does not break

If we had to find an expression for today’s session, we could write that the Milan stock exchange bends but does not break despite Wall Street. Because it is the American stock exchange that has negatively affected all world markets today.

Yesterday the three American indices closed strongly down, in particular the Nasdaq. Technology stocks have suffered sharp falls, especially the Tesla stock, which had been a hare in recent months.

The rain of sales on Wall Street bent but not broke Piazza Affari, which held up well to the impact reacting after an initial slip. The Ftse Mib index (INDEX:FTSEMIB), opened sharply from yesterday’s close. Prices started bouncing on the support at 22,800 points, the value of which has already been highlighted in some previous articles.

After a slow start, Piazza Affari reacted. And Ferrari returns to the stock market

At the end of the morning, the index was again close to 23,000 points. However, the first news from Wall Street of a possible lower opening reported some sell-off.

But the timid rebound of the US stock market has given new breath to purchases. In the end, the Ftse Mib index closed down 0.9% to 22,848 points. In line with the German stock exchange, but doing better than the Paris, Madrid and London stock exchanges, which collapsed by 2.6%.

The only blue chip that gained more than 1% was Ferrari. But the stock comes from a collapse of 30 euros after the all-time highs recorded at the end of 2020. At 160 euros the share has found a support on which prices have rebounded today.

Deepening

This the multidays analysis and the analysis of international markets by the ProiezionidiBorsa Research Department.

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