Bce, the day of Dragons. Banks test negative rates
2019-09-12T07:32:06.605Z
Still an opening up for the European stock markets, positive on average by six sessions in a row. Milan + 0.29%, Frankfurt + 0.19%, Paris + $ 0.44, London + 0.08%. Plus sign also for Asian stock exchanges, with the only exception of Hong Kong. This is a stock market that made headlines yesterday because it put forward a £ 36 billion offer for the London stock exchange, which since 2007 has also controlled that of Milan. It will be necessary to see if the Italian government intends to use the golden power to avoid the involvement of Piazza Affari in the operation. Today, however, it is above all the day of Mario Draghi, who will present the ECB's decisions at 2.30 pm. Interest rates on bank deposits should be lowered, those that banks pay to keep the money parked at the ECB. They are already negative by 0.40%, could fall to -0.50 or less 0.60%. This is to push loans to families and businesses. A road that however damages the profitability of the banks, which demand a multi-level system, the so-called tiering: that is, to make those who park more money pay more. Meanwhile, at 11 am for Btp 7 billion. Yesterday the Bot was positive, with the return negative. At Piazza Affari, the best Ftse Mib stocks are Pirelli, StMicroelectronics, Diasorin and Cnh Industrial, with increases of between 1 and 2 percentage points. The basket of the main 40 Ferrari, Atlantia, Eni and Tenaris titles are closing the list, the discounts are between half a point and one point. Among the sectors, good the technology, badly those related to raw materials. Banks around equality.
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by Fabrizio Patti 12 September 2019An upward opening for European stock markets, positive on average by six sessions in a row. Milan + 0.29%, Frankfurt + 0.19%, Paris + $ 0.44, London + 0.08%. Plus sign also for Asian stock exchanges, with the only exception of Hong Kong. This is a stock market that made headlines yesterday because it put forward a £ 36 billion offer for the London stock exchange, which since 2007 has also controlled that of Milan. It will be necessary to see if the Italian government intends to use the golden power to avoid the involvement of Piazza Affari in the operation. Today, however, it is above all the day of Mario Draghi, who will present the ECB's decisions at 2.30 pm. Interest rates on bank deposits should be lowered, those that banks pay to keep the money parked at the ECB. They are already negative by 0.40%, could fall to -0.50 or less 0.60%. This is to push loans to families and businesses. A road that however damages the profitability of the banks, which demand a multi-level system, the so-called tiering: that is, to make those who park more money pay more. Meanwhile, at 11 am for Btp 7 billion. Yesterday the Bot was positive, with the return negative. At Piazza Affari, the best stocks of the Ftse Mib are Pirelli, StMicroelectronics, Diasorin and Cnh Industrial, with increases between 1 and 2 percentage points. The basket of the main 40 Ferrari, Atlantia, Eni and Tenaris titles are closing the list, the discounts are between half a point and one point. Among the sectors, good the technology, badly those related to raw materials. Banks around equality.
