The stock exchanges started the week with the plus sign. Today was a positive session, beyond the rising signs of the European indices closing and Wall Street opening. A day of this nature was not taken for granted, also in consideration of the negative events that had accompanied the weekly closing of the stock markets. This is why there has been optimism on the stock market today and why it could last. Read the analysis of the Stock Exchange Projection Experts.
Because there was optimism on the stock market today and why it could last
Today on the stock market we can talk about the Trump effect. Last week, the news of the positivity from Covid of the US President had alarmed the markets and folded the stock exchanges. But today the opposite happened. Trump’s rapid improvement and his release from the hospital, even if only for a few hours, galvanized the markets.
After two hours of trading on Wall Street, so when the lists in Europe closed, the indices were significantly higher. S & P500 and Dow Jones up 1.4% while Nasdaq rose 1.7%.
The American stock exchanges have probably resumed the rush to attack the historical highs, after a few weeks of correction. A race that will last until the outcome of the presidential elections on 3 November. Then we’ll see, why equity markets cheer Trump more than Biden.
The Italian stock exchange stands ready to shoot
In Europe, the stock exchanges are trying to remain attached to the US locomotive and today the enterprise seems successful, particularly as regards our market. The Ftse Mib index (INDEX:FTSEMIB), closed up 1.1% at 19,265 points. It should be noted that in the last two hours prices have risen a lot. The race, which brought the Ftse Mib to the highs of the day, began to coincide with the opening of Wall Street.
It should be emphasized that the Italian index finished at 19,265 points. Exactly close to the short-term resistance that in previous articles we had emphasized is a watershed.
Among the stocks to report is Saipem, which today gained 4.6%. A performance that is also explained by the recovery of crude oil prices. At the close of the stock exchanges, the WTI futures contract was up 6.5% to $ 39.
Deepening
To know the multidays analysis and the point of view of the international markets of the ProiezionidiBorsa Study Office, click who.
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