(Finance) – European stock markets close higherwaiting to hear the first moves on the tariff front from Donald Trump, who will officially take office in the White House on Monday. The FTSE MIB ended the session above the psychological level of 36 thousand points, updating the highest levels since 2008.
The International Monetary Fund (IMF) has reduced its estimates for Italian growth in 2024 and 2025 compared to last October, according to what emerged in the World Economic Outlook. In particular, a GDP growth of 0.6% is assumed from the previous estimate of +0.7%, while for the current year the forecast changes to +0.7% from +0.8%.
In the fourth quarter of 2024, economic activity in Italy remained weak, affected as in the rest of the euro area by the persistent weakness of manufacturing and the slowdown in services, but growth is expected to gain momentum during this year, placing itself around 1 percent on average in the three-year period 2025-27, said the Bank of Italy in his latest Economic Bulletin.
THE’Euro / US Dollar maintains the position substantially stable at 1.03. THE’Gold the session continues at the levels of the day before, reporting a change of +0.08%. Sales on petrolium (Light Sweet Crude Oil), which continues the day at $77.86 per barrel.
Go back down spreadsettling at +109 basis points, a decrease of 5 basis points, while the yield of the 10-year BTP stands at 3.62%.
In the European stock market scenario in light Frankfurtwith a large progress of 1.20%, a positive trend for Londonwhich advances by a discreet +1.35%, and is well bought Pariswhich marks a strong increase of 0.98%.
Earnings day for the Milan Stock Exchangewith the FTSE MIBwhich shows a capital gain of 1.25%, consolidating the series of four consecutive increases, which began last Tuesday; along the same lines, the FTSE Italia All-Share it gains 1.26% compared to the previous session, closing at 38,467 points. Effervescent the FTSE Italia Mid Cap (+1.53%); on the same line, rising FTSE Italia Star (+0.73%).
According to Piazza Affari, the exchange value in the latest it was equal to 3.52 billion euros, with an increase of 538.4 million euros, equal to 18.07% compared to the previous 2.98 billion; while the volumes traded went from 0.57 billion shares in the previous session to 0.58 billion shares on 01/17/2025.
At the top of the ranking of the most important titles of Milan, we find Iveco (+5.72%), Buzzi (+4.32%), Azimuth (+2.95%) e Stellantis (+2.80%).
The worst performances, however, were recorded on Amplifonwhich closed at -1.54%. Modest descent for Saipemwhich drops a small -0.58%.
At the top among Italian shares a mid-cap, Maire (+9.58%), Intercos (+4.76%), IREN (+3.12%) e Cementir (+3.08%).
The worst performances, however, were recorded on D’Amicowhich closed at -2.17%. Thoughtful Technogymwith a fractional decline of 1.13%. He hesitates GVSwith a modest decline of 1.05%. Slow day for Comer Industrieswhich marks a decline of 1.00%.