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Italian shares flirt with 13-year highs
Italian Benchmark index FTSE MIB opened Monday in the green zone trading higher above the 26,700 mark, a level not seen since 2008.
By Rony Abboud
0
- Italy
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Italian Benchmark index FTSE MIB opened Monday in the green zone trading higher above the 26,700 mark (12:37 PM, GMT +2), a level not seen since 2008. Investors' euphoria continued to be supported by positive earnings reports and the anticipation of upcoming batches of good corporate results this week.
Exor (+6.18%) is leading the gains on news of reopening negotiations with Covéa for the sale of the stake held in PartnerRe, the American reinsurance subsidiary, valued at $9 billion. Stellantis is up by +2.26% following their Friday agreement with Samsung SDI Co to produce electric vehicle (EV) battery cells and modules in the United States.
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Investors can invest in ETFs that track the FTSE MIB benchmark index (Net Total Return), such as the Lyxor UCITS FTSE MIB ETF, iShares FTSE MIB UCITS ETF and Xtrackers FTSE MIB UCITS ETF.
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