Eurozone inflation stops. Piazza Affari runs waiting for the ECB
2019-08-19T13:50:08.386Z
With a growth of 1.92% the Ftse Mib index opens the week with a progress higher than that of other European markets, all up by more than one point. Athens does better, where the new finance minister, Christos Staikouras, has promised a tax reform. The Eurostoxx 50 index, which includes the top 50 Eurozone stocks, marks +1.44 percent. The day had already started well in Asia, because the Chinese central bank has reviewed the way to fix interest rates on loans and the expected effect is that of a reduction of the same rates by at least a quarter of a point. The move is read as an attempt to counteract the economic slowdown, hit by the trade war with Washington. The second factor was precisely the words of US President Trump, who in a tweet in the night wrote: "We are doing very well with China, and we are talking!" The Shanghai and Hong Kong stock exchanges closed in progress by more than 2%, Shenzhen by almost 3. Trump's words are among the reasons for the opening on Wall Street. Dow 30 + 1.14%, S&P 500 + 1.18%, Nasdaq + 1.48%, Like last Friday, the performance of the semiconductor sector is particularly good. In the Eurozone there was an acceleration after the inflation data in the Eurozone. More 1% in July than a year earlier, below analysts' expectations (+ 1.1%) and lower than the June figure (+ 1.3%). This is not a positive figure, just as the Bundesbank forecasts on German GDP in the third quarter were not positive today. All this, however, increases the expectations of expansive moves on the part of the ECB at its meeting on 12 September. Last week, ECB board member Olli Rehn spoke of an intervention that exceeded market expectations as early as September. The prospect of an intervention by the ECB pushes bankers to Piazza Affari, with the sector index rising by 2.47%. This was a day that saw a spread of 6 points, up to 214 basis points. Now the differential between the Btp and the German 10-year Bund is at 209 basis points, 2 more than on Friday alone, with the ten-year BTP yield of 1.45% (+7 basis points) and that of the Bund at -0 , 64% (+5 basis points). Update 15.31
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by Fabrizio Patti 19 August 2019 With a growth of 1.92% the Ftse Mib index opens the week with a progress higher than that of other European markets, all up by more than one point. Athens does better, where the new finance minister, Christos Staikouras, has promised a tax reform. The Eurostoxx 50 index, which includes the top 50 Eurozone stocks, marks +1.44 percent. The day had already started well in Asia, because the Chinese central bank has reviewed the way to fix interest rates on loans and the expected effect is that of a reduction of the same rates by at least a quarter of a point. The move is read as an attempt to counteract the economic slowdown, hit by the trade war with Washington. The second factor was precisely the words of US President Trump, who in a tweet in the night wrote: "We are doing very well with China, and we are talking!" The Shanghai and Hong Kong stock exchanges closed in progress by over 2%, Shenzhen by almost 3%. Trump's words are among the reasons for the rising Wall Street opening. Dow 30 + 1.14%, S&P 500 + 1.18%, Nasdaq + 1.48%, Like last Friday, the performance of the semiconductor sector is particularly good. In the Eurozone there was an acceleration after the inflation data in the Eurozone. More 1% in July than a year earlier, below analysts' expectations (+ 1.1%) and lower than the June figure (+ 1.3%). This is not a positive figure, just as the Bundesbank forecasts on German GDP in the third quarter were not positive today. All this, however, increases the expectations of expansive moves on the part of the ECB at its meeting on 12 September. Last week, ECB board member Olli Rehn spoke of an intervention that exceeded market expectations as early as September. The prospect of an intervention by the ECB pushes bankers to Piazza Affari, with the sector index rising by 2.47%. This was a day that saw a spread of 6 points, up to 214 basis points. Now the differential between the Btp and the German 10-year Bund is at 209 basis points, 2 more than on Friday alone, with the 10-year BTP yield of 1.45% (+7 basis points) and that of the Bund at -0 , 64% (+5 basis points). Update 15.31
