The FTSE MIB traded higher on Monday, rebounding from big losses last week, and in line with its European peers, as concerns over volatile retail trading receded while investors continue to follow coronavirus vaccination rollout. Meanwhile, the 1st round of consultations with House Speaker Fico pointed to lower odds for a non-Conte leadership although reports showed former Prime Minister Matteo Renzi would like to see former European Central Bank chief Mario Draghi become prime minister of Italy. On the data front, the manufacturing PMI jumped to the highest since March 2018, well above market forecasts.
Historically, the Italy Stock Market (FTSE MIB) reached an all time high of 50108.56 in March of 2000. Italy Stock Market (FTSE MIB) - data, forecasts, historical chart - was last updated on February of 2021.
The Italy Stock Market (FTSE MIB) is expected to trade at 21131.80 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 19579.80 in 12 months time.