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Market Update: Milan Stocks Subdued on Dividend Payments
The FTSE MIB traded flat to lower on Monday, in a lackluster session for European markets, devoid of any major economic indicator. The key Italian stock index was largely affected by the detachment of dividends in 18 large Italian companies, including BPER Banca, ENI, Generali, and Intesa Sanpaolo. On the pandemic front, daily new cases in the country have fallen almost a third in the past five weeks and new admissions to intensive care units have fallen to below 50, as the nation gradually reopens the economy and administered over 30 million doses of the COVID-19 vaccine. [/s2If]
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