The last session of the week closed on the stock market. Statistically, Friday is not conducive to equity markets. After three consecutive sessions on the rise, the Milan stock exchange was expected at the litmus test. The Milanese list did not miss the appointment and closed confirming the positive climate of the last sessions. A figure arrived just after lunchtime triggered an afternoon rise. This surprising news has pushed Piazza Affari which touches the record and books the rally.
Crucial session for stock exchanges that smell of rallying
The last session of the week confirmed that the climate is changing on the equity markets. A figure from the Stars and Stripes economy once again acted as a detonator. This unexpected news dragged European stock exchanges higher and pushed Wall Street higher at the opening.
The session closed with widespread increases on all European lists. This result was not taken for granted, considering that traditionally Friday is not a favorable day for the stock exchanges. The Euro Stoxx 50 index closed up 0.8%, the German stock exchange finished up 0.8%. Paris rose 0.6%, while London appreciated 0.3%.
The octave that has closed is probably a turning point. After the great fear, there is now hope that a new rally will begin in Europe after months of sideways prices. Now inflation seems to be less scary, at least looking at the results of the stock market week, especially the last few sessions.
This surprising news has pushed Piazza Affari which touches the record and books the rally
Piazza Affari had a session to be framed. The Milan stock exchange closed up 0.8%, touching the high of the year just before closing. The Ftse Mib index (INDEX:FTSEMIB) finished the session at 26,489 points, after reaching a daily high of 26,550 points. Today is the fourth consecutive upward session. To find 4 consecutive positive days you need to go back two months.
The price rush to the top started in the afternoon after the release of the US retail sales data. These rose beyond analysts’ expectations, triggering purchases on European stock exchanges and favoring the positive start of Wall Street.
Banking and equity stocks were once again the stars of the day. Our Analysts had already anticipated this scenario in the article: “For Piazza Affari it could be the session of the year thanks to these titles“. Three bank and 2 energy stocks made it into the top 10 blue chip ranking by performance of the day. If the bull returns to the stock market we will find out next week. What is certain is that banking and energy stocks will still be protagonists.
Deepening
