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The Milan stock exchange is trying to start again to get a good rise in the second half of the month. The news that perhaps the first vaccinations in Europe will begin at the end of the year has raised the optimism of the operators. Therefore, this rumor brought a large flow of money to Piazza Affari in the afternoon.
The banking sector remains decisive in the Milanese list
Piazza Affari feels the air of a Christmas rally and pulls off a convincing session. The Ftse Mib index (INDEX: FTSEMIB) closed 0.8% higher at 21,935 points. The increase matured, especially in the second part of the day. In fact, the session started with a cautious price movement, despite the fact that the stock markets in Europe were clearly uptrend.
Once again the banks, whose performance remained flat until lunchtime, stopped the race at Piazza Affari in the morning. The decision to be made by the ECB on the distribution of dividends for 2021 weighed on the banking sector.
This rumor brought a great flow of money to Piazza Affari in the afternoon.
The European Central Bank will decide shortly whether banks will be able to distribute coupons to shareholders next year and to what extent. We recall that the European Bank has prevented institutions from distributing dividends, to avoid possible capital weaknesses.
In the afternoon, sentiment changed and the stock market began to rise more decisively, driven by banks. The purchases came as news broke that the EMA could give vaccines the green light in Europe, perhaps even before Christmas.
The news returned optimism to Piazza Affari, where purchases of banking and industrial stocks were unleashed. Mediobanca shot up 3.2%, Unicredit finished 2.5%, Intesa gained 1.8%.
The STM jump
But today, among large-cap stocks, the best stock has been STM. The stock gained 4.2% closing above € 30. In the last sessions the title has suffered a lot. Recall that prices collapsed on December 9 after disappointing growth prospects.
After a few days of liquidation, it seems the time for redemption has come. When prices manage to exceed the threshold of 31 euros, they may rise again in the area of 33.50 / 34.00 euros. But if prices return below the € 28.5 threshold, the decline is likely to resume, to € 25.
Deepening
This is the multi-day analysis and the point on international markets of the Department of Studies of ProiezionidiBorsa.
