MILAN (Reuters) – Business Square stores the week with a brilliant session, driven by the surge in bank aftermath of expansionary measures announced by the European central Bank.
Yesterday, the ECB announced a mix of broader measures expected to try to give back breath to the economy, including unexpected new set of four new operations ‘Tltro’. “The long-term (four years) and negative rates combine ideally the aim of encouraging the flow of lending to the real economy, while avoiding penalizing the banks’ margins, the main investor concern on the eve of the new measures” he said in a daily note ICBPI.
the optimism supports all European stock markets but the Milan stock exchange, especially busy financial securities, is much better.
** The FTSE Mib index closed up by 4.8 %, the AllShare 4.4%. Volumes in the final around 3.7 billion euro.
** the European benchmark FTSEurofirst 300 rises 2.7% and Wall Street indexes gaining more than 1%.
** the Italian banking industry scored a 8.1% jump compared with a 4.8% of the European sector. The increases exceed nine percentage points for UNICREDIT, POPULAR MILAN, UBI and Banco Popolare.
** Positive ENI (+ 2.9%) in line with the European oil sector supported by the rise in crude oil prices.
** He can hardly recover YOOX NET-a-PORTER (+ 0.16%) after falling the day before.
** Off the main basket shines with a + 10.6% BANK INTERMOBILIARE the wake of rumors about an interest of Chinese Fosun and Fideuram.
** Heavy PIAGGIO paying with a -4.5% the results of 2015, net income falling, and the business plan update extended to 2019.
** MASSIMO ZANETTI BEVERAGE GROUP gives 4.7% in the aftermath of the results. JP Morgan cut the rating to ‘neutral’ and lowered its price target.
© Thomson Reuters 2016 All rights assigns Reuters.
No comments:
Post a Comment