Italian index soars as Mario Draghi might be asked to form a new government.
Wednesday’s session started in upbeat moods on global stocks markets, but atmosphere is particularly optimistic in Italy. FTSE MIB (ITA40) surged 3% as Mario Draghi has been called to see Italy’s head of state. Media reported that Draghi will be asked to form Italian government. Ex-ECB chief would face great challenges amid ongoing political crisis in Italy, but markets are optimistic as Draghi literally saved the euro with his famous words “whatever it takes”. Investors hope that now Mr. Draghi would manage to change ECB’s approach towards countries with largest debt burdens and save Italian economy.
ITA40 opened with a bullish gap today. The index is currently soaring roughly 3%, which makes it the strongest blue chip benchmark in Europe. Source: xStation5
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