HomeJobsItalian Bourse Edges Up After US Jobs Data

Italian Bourse Edges Up After US Jobs Data


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The FTSE MIB was slightly up by 0.2% to trade near the 33,500 mark on Friday, hitting levels not seen since 2008, after the US jobs report reinforced market expectations of a midyear Fed rate cut.

Effectively, earlier indications from both the European Central Bank and the Federal Reserve suggested potential interest rate reductions soon.

On the corporate front, Iveco Group emerged as top performer, rising over 5% thus far.

In addition, Telecom Italia is up by 3%, recovering from yesterday’s 23% plunge.

Conversely, Azimut is the biggest laggard, declining around 6%.

Moreover, Unicredit (-1.7%) is trading in negative territory after announcing plans for a dividend distribution in 2024.

Weekly, the FTSE is set to gain more than 1.5%.

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