Warning: Attempt to read property "display_name" on bool in /www/wwwroot/zofshop.com/wp-content/plugins/wordpress-seo/src/generators/schema/article.php on line 52

Rome, September 26 (QNA) – Italian stock indices rose today, outperforming their European counterparts, after the right-wing coalition led by Georgia Meloni won an overwhelming majority in the general elections, while other European stock exchanges fell amid risk aversion after central banks tightened their monetary policy.

The Milan Stock Exchange is the only one in Europe that has recorded a significant increase, as its main index rose by one percent, supported by financial stocks, after the center-right coalition won a clear majority in both houses of Parliament. This may give Italy a chance for political stability after years of fragile political alliances.

The European Stoxx 600 index fell 0.4 percent, to close near its lowest levels in December 2020 after sharp selling last week when data showed slowing economic activity in the region and tightening monetary policy by a number of global central banks, which deepened fears of a recession.

The FTSE 100 index was flat at the close, while the index of UK mid-cap companies fell 1.4 percent to close to a two-year low.

This may give Italy a chance for political stability after years of fragile political alliances.

The European Stoxx 600 index fell 0.4 percent, to close near its lowest levels in December 2020 after sharp selling last week when data showed slowing economic activity in the region and tightening monetary policy by a number of global central banks, which deepened fears of a recession.

The FTSE 100 index was flat at the close, while the index of UK mid-cap companies fell 1.4 percent to close to a two-year low.

The main German index fell 0.5 percent, extending its losses from last week, after data showed a larger-than-expected drop in German business morale in September.

The pan-European Stoxx 600 index has also fallen 6.4 percent since the beginning of the month, heading for its second consecutive decline, with Europe facing energy crises and rising living costs in light of the Ukraine war that impedes gas flows and central banks move to tighten monetary policies to combat inflation.

Banks, healthcare, and some defensive stocks led the day’s declines in Europe.

QNA)

By

Leave a Reply

Generated by Feedzy