Bags, Milan Stock bounces driven by banking stocks: + 5% – The Messenger

Milan Stock Exchange and European stocks make mark a significant rebound, despite the closure of Tokyo red (Nikkei -2.31%, the lowest since 2014), and industrial production data that slows in December in France, Great Britain and Italy ( down 0.7% from the previous month, up 1% on average over 2014). At the end of session, the Ftse Mib index gains 5.03% to 16,714 points – All Share + 4.72% – with the spread between BTPs and Bund to 140 basis points with a yield on ten-year 1.65%. A technical rebound, while remaining in the background fears of a recession and the stability of the European banking system. In progress the lists of Frankfurt + 1.55%, London + 0.71% + 1.59% and Paris. Positive Stock Exchange on Wall Street (still in negotiation) after the words of Janet Yellen to Congress. For the president of the Federal Reserve, “the difficult international financial environment threatens the growth in the US ‘, recent economic indicators” do not indicate a sharp slowdown in Chinese growth “, while not hiding the” concern “about the trend oil prices and raw materials. The monetary policy of the Fed, “is by no means on a preset path” to that extent maintains ‘lenient’ in the light of an estimated trend of economic conditions “that allow only gradual increases on federal rates.”

In Milan rally the banking sector, the sector index marks + 11.66%. Rising to double digits for Intesa Sanpaolo (+ 14.45% to 2,456 euro), Banco Popolare and Unicredit + 11.09% (+ 11.91% to 3.10) in the aftermath of the accounts, which showed a profit of EUR 1.7 billion, higher than expected, and with Federico Ghizzoni to encasing the unanimous confidence of the board. Plus the rest of the banking sector: Ubi Banca + 7.70%, + 6.75% MPS, Bper + 6.90% and + 7.52% Mediobanca on the eve of the accounts. Well Generali (+ 5.27%). The insurance company of Trieste is just back from the Adda ad Mario Greek, while the interim was entrusted to Gabriele Galateri di Genola. Saipem in red (-1.34% to EUR 0.362); weak Ferrari -0.36% bonds, Eni and Snam + 0.26% +0.42%.