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This article was published on 21 January 2015 to 09:18 hours.
The last change is the January 21, 2015 at 16:15.
The ECB is expected to announce tomorrow will provide for the purchase of securities of 50 billion euro for at least one year. Sounding the indiscretion, that Frankfurt has not commented, is the Wall Street Journal, citing informed sources. Even according to the “rumors” spread by Bloomberg bond purchases will amount to 50 billion per month. Use The agency adds that the program will not start March 1 and will last until the end of 2016.
It is therefore party waltz numbers and forecasts maneuver ECB. The Bags nerve even after the trading day (in red) on Wall Street. A Milan Stock sales hit Intesa (-3.2%), Buzzi (-2.47%), Mediolanum (-2.35%). Positive cooperative banks in one day by the green light by the government to reform that aims to turn them into Spa. The BPER and BPM earn more than 6%, 5.4%, Banco Popolare and UBI Banca 3%.
Investors are waiting to know the “q” (monetary easing) that the ECB is expected to announce tomorrow. Expectations are at least 550 billion euro by the ECB to move markets. The nervousness of the lists grew after the governor of the Austrian Central Bank and a member of the ECB, Ewald Nowotny, speaking of tomorrow’s meeting the governor of the Austrian Central Bank and a member of the ECB, Ewald Nowotny, speaking of tomorrow’s meeting said: ” It will be an interesting meeting, but we should not be over-excited. “
Flywheel cooperative banks , analysts promote reform
Analysts promoting Decree of the Government on the popular, but light a beacon on the timing and mode conversion of the decree and on ITER true of its application by the banks (which will have 18 months). According to Mediobanca, for example, the path for the conversion will be delicate because “exposed to the action of some lobby ‘; also likely to be influenced by two other hot issues of the Government Renzi, that the new electoral law and the election of the President of the Republic. In any case, emphasizes Piazzetta Cuccia, this seems the right time to implement the pending reform of popular and create an ideal environment for mergers, even “defensive” between them with potential synergies of 20-35% on the current capitalization, arriving at 45% in the scenario of a “mega popular”.
For Mediobanca, the FTSE Mib popular are “overweight”, in particular BPM, whose rating and ‘increased from neutral and price target from 0.67 to 0.77 euro. Equita sees a “significant acceleration of consolidation” and speculates combinations involving more ‘with the creation of two superpopolari that vested in Ubi and BPM. Moreover, “a growing incentive to build hard-core of shareholders and increase so ‘marginal buyers on the titles of popular.” Numbers in hand, the estimated positive impact on the profits of the industry and ‘by 22% to 2016 while the stock market securities may significantly reduce the discount of 25-30% which are treated compared to the sector. Finally Banca Akros (merchant bank BPM) which stresses that the possible merger between Banco Popolare and Ubi would create the third largest Italian bank. Akros believes that, given the time of approval of the measure, the transformation in the popular spa will take place ‘between September and December 2016, and an average increase of 20% for the securities involved. To Ubi has seen a potential upside of 19%, for Banco Popolare of 26%, to Etruria 121%, 25% for Creval and Pop. Sondrio 16%.
Intesa Sanpaolo confirms dividend
It is weak on the Intesa Sanpaolo. “I confirm the commitment to deliver two billion budget in 2015, based on the results in 2015,” said CEO Charles Messina, speaking from Davos on CNBC. “We are a bank – he added – which is undergoing a growth rate and a leading position in Europe, certainly for value Stock Exchange will continue to be a point of reference, the year 2015 will be important.”
You Media soaring
You Media in the spotlight. The title struck a jump of 7.95%, exceeding EUR 1 share the assumptions of delisting.
Focus Asia
Asian markets at different speeds in the day when the Bank of Japan cut its estimates for inflation in the wake of falling oil and postponed the ‘ approval of new easing measures (the same, however, has announced measures enhancing aid to banks). The decision has dampened the Tokyo Stock Exchange that has yielded 0.49% while the currency front we saw a partial recovery of the yen against the dollar.
Closing in pouncing for the financial centers of China. The Shenzhen Component stores the session at 11,372 points (+ 3.42%), while the Shanghai Composite advancing 4.75% at 3,223 points. The Stock Exchange of Hong Kong marks the end of trading + 1.68% at 24,352 points.
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