The Italian stock exchange is finally back in positive territory and, with today's leap (+0,89%), cancels all the losses of 2013. Despite today's step forward, Piazza Affari remains the weakest stock exchange in Europe among the major Bags. The increases recorded during 2013 by the German and French stock exchanges are quite different. Frankfurt gains just under 10% while the French Stock Exchange is sighting 9% since early 2013.
The recession and political confusion weigh on Italy's modest performance, but also the sovereign risk that continues to target the shares of commercial banks. The telecommunications, utilities and energy trends also play a negative role, even if today Telecom Italia is the leading stock due to the war that broke out in the German telecommunications after the purchase of E-plus by Telefonica and also if good performances are revealed by Atlantia and Finmeccanica.
However, there are quite a few financial analysts who see the weakness in the prices of our shares as an opportunity for a leap forward in the second half of the year which could yield investors good earnings. But never as in these times is it essential to distinguish and know how to do stock picking.
