Today was crucial for the European squares but above all for Piazza Affari. The week just passed was bad for the stock markets and the Milan stock exchange was close to collapse. But today’s session can reopen the games that seemed almost over. The Milan stock exchange closed higher thanks to the jump of some blue chips in the energy sector. These stocks make Piazza Affari run, but purchases are unleashed on this action. In fact, the real star of this day on the Italian list is a stock linked to the fashion sector, which today has gained over 8%.
European stock exchanges rebound and Piazza Affari recovered thanks to crude oil
Piazza Affari on Friday closed on the brink of the abyss so today’s session was decisive for the Milan Stock Exchange. Today the major index in Milan could have continued the decline that began last week. If the Ftse Mib had fallen below the 25,650 points threshold, it could have dropped to 25,200 points. But today Piazza Affari and the other European stock exchanges have made a decisive rebound. This scenario had already occurred in other situations in the previous months. When the stock market is on the edge of the precipice, it has a snap of the kidneys and manages to get out of the critical situation.
Today the Ftse Mib index (INDEX:FTSEMIB) closed up 0.9%, closing at 25,925 points. The only drawback of the day is the closing below the psychological threshold of 26,000 points. For a long time the Milan Stock Exchange tried to overcome this level during the session without success. However, to resume the bullish path, prices will necessarily have to return above 26,000 points very quickly. Otherwise it will open the way for a new bearish phase. On the other hand, the positive aspect, beyond the closing up, is that the Milan Stock Exchange was the best in Europe. The German Dax index and the London Stock Exchange gained 0.6%. The gain of the Paris stock exchange was more contained, which rose by 0.2%.
These stocks make Piazza Affari run, but purchases are unleashed on this action
Energy blue chips supported our price rebound today. Saipem gained 3.9%, Tenaris gained 3.4%, Eni rose 2.5%. Enel also allowed itself a day on the rise after several sessions in decline. Share prices rose nearly 1.7%. Stocks rose thanks to the rebound in oil prices, from the highs of the last two weeks.
But the star of the session was Safilo. The share gained more than 8% thanks to a commercial agreement with a well-known influencer, Chiara Ferragni. Thanks to this rise, prices have returned close to the values of 3 years ago.
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