Stock exchanges are on the rise. Four-monthly report on stock market trends (2003)

The capitalisation of the Milan Stock Exchange has been reduced in three years to almost half of what it was in July 2000: in absolute terms, it has burned through 500 billion euros. Anyone who had a share value of 100,000 euro in July 2000, equally distributed among the leading stocks on our stock exchange, and had not bought or sold anything in the meantime, would now find himself with assets of only 52,000 euro. He would still be better off than he was last March when his share asset was estimated at only 45,000 euros. However, the Italian Stock Exchange, in the period analysed by the Report (March 2003/July 2003), after overcoming the combined effects of the global economic slowdown and the war, similar in this respect to all the leading world stock exchanges, showed clear signs of recovery: the Mib30 gained 11.69%, while the Mibtel gained 11.76%. The recovery also involved the principal world stock exchanges, which had the following variations in the period indicated above: Frankfurt +31.67%; NY Nasdaq +24.59%; Tokyo +17.99%; Paris +14.19%; NY Dow Jones +11.98%; London +10.39%.

Therefore, the great depression at the beginning of the millennium is behind us.