Hundreds of billions of euros are not enough to push the Italian stock exchange. What’s up?
A decidedly gray day for the European stock exchanges and a negative one for Piazza Affari. On the squares of the Old Continent there are international factors that are holding back investor purchases. But for the Milan stock exchange there is also an intrinsic factor. Here is what stopped the European stock markets and why the Milanese list performed worse than all.
Hundreds of billions of euros are not enough to push the Italian stock exchange, to be precise 209.
These are the billions that will come from the European Union. Or rather, that they should come, because it is on this doubt that international investors have reservations.
On Tuesday morning, after the news of the agreement on the Recovery Fund, the Milan stock exchange started off sharply. Then, in the second part of the day, the rise had gradually deflated. Yesterday the session ended in negative and today, after a rising start, the Ftse Mib index (INDEX-FTSEMIB) turned downward.
At the end, the Ftse Mib closed down 0.7% to 20,454 points. Losing much more than other European stock exchanges. Because? Because institutional investors don’t trust Italy. Some clear indiscretions emerge from the operating rooms.
Wall Street returns to direct the sign of the markets
Markets did not like Premier Conte’s statements about the task force to manage the funds. They consider it yet another waste of time. For the time being, operators have suspended their judgment on the Italian stock exchange. They are waiting to see how the debate will evolve in Italy and the initiatives that the government will take.
The weak opening of the American stock exchange also affected all the stock exchanges on the Old Continent. The growing conflict between China and the US weighs heavily, which markets see as an obstacle to the recovery of economic growth.
to know more
Do you want to know under what conditions EU funds will arrive? Read who.
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