Day without jolts today for Piazza Affari after the rally on the eve. The Ftse Mib index stopped the hands at 25,510.50 points, up + 0.35% after yesterday collected + 1.4%. Investors today focused on the possible positive implications of the go-ahead overseas to the maxi-infrastructure plan wanted by Joe Biden. From the macro front, the positive indications for Italy are confirmed with consumer and business confidence rising further in June.
Meanwhile, Wall Street is preparing to close a decidedly positive week with all the major indices on the historical tops. “In general – comments today Edoardo Fusco Femiano, market analyst of eToro – the new highs of these days should not be underestimated, especially due to the long period of laterality from which the prices come. Volatility remains very low and the absence of signs of price stress or overbought could be preliminary to the start of a new phase of price rally ”.
Among the stocks in the main basket, the overwhelming rally by Buzzi Unicem (+ 3.9%) stands out. Supporting the construction action is the advancement of the investment plan in US infrastructure. US President Joe Biden yesterday announced the conclusion of a bipartisan agreement in the Senate on an eight-year $ 1.2 trillion plan to renovate infrastructure and help stimulate the US economy.
The asset management sector also performed well, led by Banca Mediolanum with + 2.8%, followed by Banca Generali (+ 1.5%). Among the banks, UniCredit (+ 0.5%) did not move despite S&P’s decision to raise the outlook from negative to stable.
On the opposite front, therefore among the worst of the Ftse Mib, the utilities with Enel (-0.3%) and Hera (-0.9%).