Piazza Affari also closes today in red, albeit slightly. The Ftse Mib closed at 25,918 points, down 0.04% thanks to a convinced recovery at the end in the wake of the positivity of Wall Street. The stock markets this week were heavily affected by the fear of a slowdown in global growth due to the spread of the Delta variant and the potential easing of US stimulus.
Stellantis is also down today (-1.15% to 17.14 euros) with the entire European auto sector in need of a breakdown in the wake of production stoppages announced by some big names in the sector such as the Japanese Toyota.
The weakness of the luxury sector also continues, with Moncler slipping back by 1.79%, confirming the black sheep palm of the week among the Milanese blue chips. China could introduce measures to limit purchases of products from abroad in an attempt to promote “common prosperity” as stated by President Xi Jinping at the 10th meeting of the Central Commission for Financial and Economic Affairs.
Among the stocks looking at developments in China, Campari (-0.94%) also stands out, also conditioned by the possibility that China may introduce restrictions on the sales of spirits produced abroad.
On the other hand, Enel, the heaviest share of the Ftse Mib, which closed up by 1%, returning above the 8 euro wall. Diasorin (+ 1.68%) and Stm (+ 1.5%) also did well.