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0 -0.000151919013355081 -0.000635297692212129 -0.000731973427983601 0.00158824423053017 0.00153300095294656 0.00241689339428508 -0.000856270802546721
Stock impact report

Italy, Spain stocks hit peaks after over 20% rally in 2023 [Reuters]

Moody's Corporation (MCO) 
Last moody's corporation earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.moodys.com/home/default.aspx
Company Research Source: Reuters
GDANSK/MILAN, Nov 30 (Reuters) - Italian and Spanish stocks hit multi-year highs on Thursday following a rally of over 20% so far this year that has placed them among the top-performing indices in Europe. Milan's FTSE MIB (.FTMIB) index hit its highest since June 2008 on Thursday, two weeks after ratings agency Moody's lifted the country's debt outlook to stable. By 1204 GMT, it rose 0.4% on the day, bringing year-to-date gains to almost 26%. The IBEX (.IBEX) in Madrid scaled its highest since May 2018 after a rally of almost 23% in 2023. It was last up 0.3%. Both Milan and Madrid equities have benefited from a heavy weighting towards bank stocks, which have enjoyed better profits and delivered stronger investor returns this year on the back of rising interest rates. Traders, however, were wary of the risk of profit taking. Giuseppe Sersale, fund manager at Anthilia in Milan, said equity markets in southern Europe have also been supported by cheap valuations and a relative Show less Read more
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