MILAN – 12:40. European stocks rise after a great deal in troubled eve characterized by major announcements from the ECB. A cool head, the insiders are toasting work Super Mario Draghi who innandato liquidity Eurozone zeroing rates and bringing the deposit rate to 0.4%: the president of the European Central Bank has also widened the range of action Quantitative easing of bringing purchases to 80 billion a month. “The progress of the price lists – says expert – could continue to be cautious until the Fed meeting next week.”
Square Business is strengthened to + 4% with the banks on the shields (Unicredit ends in upward of excess volatility auction) and trolling other European Squares: London halls of 1.6%, Frankfurt 2.9% Paris . The markets then try to recover the time lost yesterday when, after the initial euphoria among investors have come forward fears that central banks may have run out of ammunition at their disposal and, despite everything, their stentino measures to give results: because the ECB has lowered all economic growth forecasts. “They stay in the background risks that have generated a very negative performance of stock markets in the first half of the year and that, in order to be absorbed, require interventions by the tax policy and not just monetary,” has in fact noted Gabriele Minotti Credem . The same Draghi has called several times the need for political action and called on banks and governments to do their part because hardly rates will fall further.
Even so it was thought the second Tltro: with the next round of targeted longer-term refinancing operations, the banks will access to ECB liquidity at negative rates up to 0.4%. In fact Frankfurt will pay because the credits institutes indebitino: a move that has sparked ire of German, but in Draghi plans should increase access to credit for households and businesses. L ‘ € falls slightly to below $ 1.11: after strong gains yesterday, the single currency is changing hands at $ 1.109 and 126.2 yen. The spread is falling to 105 basis points with the BTP to 10 years on the secondary market make 1.33%. The Treasury has meanwhile placed an auction of BTP 7.5 billion to be sold out, with falling yields. The title to 3 years is dropped into negative for the first time (-0.05%), that of 7 years, is fixed at 0.79% (1.05%) and that of 15 years to 1,84% (2.08%).
the dell’Handelsblatt cover denouncing the “dangerous game “the governor with the money of German savers.
Among other things, the February inflation data show that Berlin is also in trouble: the price growth in Germany was 0.4% compared to January and zero on an annual basis. In Italy, however, industrial production has given signs of life with a click of 1.9% per month in January. In January, the trade balance of the United Kingdom has finally recorded a deficit of 10.3 billion pounds, down from 10.5 billion in December (revised from 9.9 billion): the data is in line with expectations.
in the morning, after opening down, the Tokyo Stock Exchange has ended positively, with the Nikkei index gaining 0.50% to 16,939 points. China Bags, however, ends the contrast exchanges. At the end of a difficult week for the economy and the country’s markets Composite Index Shanghai returns positive in the final and closes at + 0.20%, while that of Shenzhen yields 0.22%, to 1685.24.
the meeting yesterday to Wall Street is over little move, far from the lows reached in during when pessimism investors on the ads come from the European central Bank had peaked. Arrived to yield up to 178 points at the end of a day, the Dow Jones has left on the ground 5.23, 0.03%, to 16995.13 share. The S & amp; P 500 managed to gain 0.02%, to 1989.57 share, while the Nasdaq lost 0.26%, to 4662.16 share.
For a day end up in second plan the oil but rises again due to good demand from the United States and scored well, the fourth consecutive week of gains after the turmoil that have pushed crude below $ 30 in mid-January . WTI rises above $ 38 a barrel while Brent advances to $ 40.7. According to the International Energy Agency, oil prices may have finally hit bottom. The Agency also points out that talks are under way among world oil producers to freeze the production with the aim of pushing the price of crude to $ 50 a barrel. Also up the ‘ Gold : The metal for immediate delivery rooms by 1% to $ 1,284 an ounce. YTD growth was 20%.
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