Post Covid, Italy leading the recovery: the Intermonte report
Despite well-known headwinds such as component shortages, commodity inflation and shipping costs and the worrying increase in Covid cases in the United States and Europe, the markets do not seem afraid. In particular our country which in the last month has seen its stock market grow by 4.7%, according to data from Intermonte. A strongly positive leap, also made by significant acceleration of prices.
Analyzing the numbers, let’s see how the FTSE Italy Mid-Cap (+ 2.4% in the last month) underperformed the main index by 2.3% (+ 7.9% YTD on a relative basis), while the FTSE Italy index Small Caps (+ 4.6% in the past month) has performed almost in line with the market in the last month, or + 25.9% on a relative basis since the beginning of 2021.
For the performance delle mid/small cap across Europe, the MSCI Europe Small Caps index rose 3.0% over the past month, outperforming Italian mid caps but worse than Italian small caps.