post-ECB weak Bags – Milano Finanza

The Ftse Mib scored from -0.24% to 17,767 points, with an intraday minimum of 17,740 and maximum of 18,099. The Milanese index, as well as other European equity markets (Cac-40 -0.21%, FTSE 100 down 0.1%, Dax and Ibex + 0.03% + 0.46%), has scaled back its performance after the conference by Mario Draghi, the ECB’s number one, which did not provide new information about future monetary policy. The Governing Council of the European Central Bank announced that interest rates on the main refinancing operations, the marginal lending facility and the deposit facility will remain unchanged at the Bank 0.00%, 0.25% and -0 , 40%. ECB President, Mario Draghi, has revised upwards the GDP outlook Eurozone (+ 1.6% from + 1.4%) and inflation (0.2% from 0.1%) for the in 2016 even though there are global downside risks, including the possible exit of Britain from Europe. In addition, it said that rates will remain low or even lower over a long period and that QE will last until March 2017, or more if necessary. Many analysts still expect the ECB to support the rise in inflation in the second half of 2016 with new expansionary monetary policy measures. Bankhaus Lampe then considered likely that in December the main refinancing rate is cut by 5 basis points to 0.05% and the deposit rate by 10 basis points to 0.5%. In Vienna instead it held the meeting between the Member of OPEC members. The meeting ended with a stalemate on the introduction of a cap on the production of crude oil. In light of the failure to reach agreement, the Brent leaves on the ground 0.12% to 49.66 usd / barrel and WTI 0.37% to 48.83 usd / barrel, negatively influencing the market sentiment. Mohammed Bin Saleh al-Sada, Qatar’s oil minister, said that “there is consensus that the market fundamentals are improving and there are no pressures to think OPEC to influence supply or demand.” The next meeting is scheduled for November 30, again in Vienna. On the macro data front, weekly requests for unemployment benefits in the US fell by 1 000 units to 267 000 share, while the ADP estimate of new jobs in the private sector in May amounted to 173 000 units (180. 000 consent). In addition, natural gas Weekly inventories rose by 82 billion cubic feet. In the eurozone, however, in April, the index of industrial producer prices fell by 0.3% m / m and 4.4% y / y, the largest annual decline since November 2009. In the banking sector, it should be noted the excellent closing BPE Romagna (+ 3.17%) and B. MPS (+ 2.09%). Very weak are the other titles: B. Popular + 0.05%, BP Milano + 0.04%, Mediobanca -0.66%, Intesa Sanpaolo -0.79%, Ubi B . -1.6%, Unicredit -2.05%, BP Sondrio -3.5% and B. Carige -4.02%. Very well Fca (+ 2.01%) after the data on the Italian registrations for the month of May, published yesterday in closed markets. The group has marked an increase of 33.3% y / y compared to + 27.29% y / y market. The ICBPI analysts have called excellent also the figure for US sales since Fca has done better than the leading competitors. well even Ferrari (+ 1.42%). In sharp decline Soul H. (-3.74% at 5.28 euro). Banca Imi, which confirmed the add rating and the target price to 7.8 euro, recalled that since June 20, the title will be released by the Ftse Mib: in its place will come Recordati (+ 0.78%). Banca Akros confirmed its positive view of A2A (-0.7% to 1.28 euro) after rumors that the company is in talks for a consolidation with the Czech counterpart Eph. At the center of the negotiations, highlighted MF today, there would be an aggregation of the respective combined cycle power plants. Staying in the utility sector, Snam has sold its 1.76% and Terna 0.24%. As it is written by MF, yesterday Francesco Starace, CEO of Enel (+ 0.35%), announced that the group is evaluating the geothermal Chevron assets in Indonesia for a potential acquisition, in search of opportunities in renewable energy. Prevailed the plus sign in the luxury segment: YNap + 1.58%, S. Ferragamo + 0.99%, Moncler + 0.2%, Tod’s -0.09% and Luxottica -0.25% . (Reserved)