It's Make or Break for Italian Equities
- Milan’s FTSE MIB faces major long-term resistance level
- Big catch-up potential: MIB needs to double to reach 2007 peak
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Italian shares have had a strong start to the year, outpacing European peers. Now comes the real test.
Even as Sunday’s vote revives worries about a strong showing by anti-establishment parties, Italy’s benchmark FTSE MIB equity index is closing in on a key resistance level dating back to its plunge during the global financial crisis of 2008-2009.