Dukascopy today announced a major expansion of its CFD instrument offerings. Now, Dukascopy clients can enter the dynamic world of Italian stocks and the Italy 40 Index.
Italian stocks have long been a cornerstone of the European financial landscape, representing some of the continent’s most prominent companies in various sectors. With this latest addition, Dukascopy customers gain access to a variety of Italian market giants, including Enel Spa, Ferrari NV, Assicurazioni Generali Spa, Fiat Chrysler Auto NV, Intesa Sanpaolo Spa, UniCredit Spa and many others.
The Italy 40 Index, known for representing the top 40 companies listed on the Borsa Italiana, provides traders with a comprehensive view of the performance of the Italian stock market. As one of Europe’s largest economies, Italy offers ample opportunities for investors seeking exposure to a variety of industries, from banking and finance to fashion and automotive.
However, traders should be aware of the Italian Financial Transaction Tax (IFTT), which applies to derivatives based on Italian shares and indices. This tax is a necessary factor for those wishing to trade in Italian assets and should be considered in their overall trading strategy.