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The Italian Blue Chip stock index the FTSE MIB fell 5.4% to 22,233 in 2020 bouncing back from lows in March after Italy was the first western country to implement a national lockdown, Italy's FTSE MIB index crashed to a nearly eight-year low of 14,153.  Concerns about the impact of current restrictive measures on Italy's fragile economy overhang sentiment.

FTSE MIB 2020 

The FTSE MIB closed on New Year’s Eve at 22, 233 points, a loss of 5.4% for 2020

The FTSE MIB  steadily erased much of the Covid stock market panic supported by the massive fiscal and monetary policy support through the ECB globally and more recently the roll-out of COVID-19 vaccines and the post-Brexit trade deal. 

How Global Indices fared in 2020

The euro however rallied against the US dollar as massive US QE weakened the dollar and relief that the UK-EU free trade deal had been agreed boosted the euro. The stronger euro helped soften losses for overseas investors in the Italian stock market.

EUR W 12 31 2020

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