Square, Business remains weak, but loses less than the other european exchanges after that, in September the inflation in the euro area stood at 0.4%, an increase compared to 0.2% in August. Eurostat has confirmed the preliminary data published on 30 September last. In particular, increased prices of services (by 1.1%), power beverages and tobacco (by 0.7%), industrial goods excluding energy (+0.3 percent). The reduction was more contained in the price of energy, a decrease of 3% against the 5.6% of August. In Italy, the consumer price index increased from -0,1% in August to 0.1% in September.
After the data, the euro/dollar exchange rate was little moved to 1,09897. A Piazza Affari the Ftse Mib index down 0.09% to share 16.576 points. Make worse the Dax (-0,65%), the Cac40 (-0,59%) and the Ftse100 (-0,86%) in view of the meeting of the european central Bank on Thursday. It is expected that the Ecb announces an extension of Qe beyond march of next year, but there are speculations that, like other central Banks, is at least starting to question the wisdom of the monetary easing, sustained put the euro persistently under pressure.
In reality, “it is unlikely that the Ecb announces new stimulus measures at its meeting on Thursday,” state the strategist, Unicredit , keeping in mind that the committees are still working on the technical aspects of a possible extension of the Qe. So any action will probably be made known in December. Experts expect, in particular, that at the end of the year, the Ecb will extend the programme to purchase asset of 6-9 months beyond march 2017. Meanwhile, the dollar index is pushed to the maximum of the last 7 months on renewed expectations of a rate hike in December by the Fed in the wake of the good Us data.
On the bond rate for ten-year German is increased to the maximum from the 24th of June at the 0,093%, on the heels of U.s. Treasury securities that are affected by the expectations of monetary tightening in the Usa. While the yield of the Btp decennale at the moment rises to 1.43 per cent. Today took away the offer of the new Btp Italia October 2024, the tenth edition of the tool is indexed to the national inflation, which in this case guarantees a coupon’s minimum of 0.35%.
On the list milan slowed down the momentum of the ” yes ” to the merger between Banco Popolare (-0,39%) and Bpm (-4,50%). With the integration between the two institutions was born on the third banking group in italy after Intesa Sanpaolo and Unicredit , with a market capitalization of about 4 billion. Unicredit remains positive and earn 1.80% waiting for news on upcoming disposals, Intesa Sanpaolo mark a +0,30%, the best Bper, with a +2,43%.
Instead, Mps advance of 0.70%. The board of directors has verified and confirmed unanimously the existence of the requisites of professionalism and honorability of the ad and dg, Marco Morelli, who was co-opted on September 14. The council arrived on the 13th of October, a new letter-the proposal of mr Corrado Passera, and the board of directors has given a mandate to Morelli deepen it. In the insurance sector, rising General (+2,90%), Unipol (+1,04%) and UnipolSai (+2,61%). The oil in the fall. Eni draw back of 0,97% and Saipem 0.55% with the Brent at 51,94 dollars per barrel (down 0.02%). More toned Telecom Italia, (+1,05%), which is promoted by Barclays from underweight to equal weight.
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