There is the Brexit agreement, flying bags and pounds

2019-10-17T10:25:37.152Z

Immediate market reaction to news on the Brexit agreement between the UK and the EU. They had started around a tie or a little negative. They accelerated simultaneously at 11.20: in Milan the Ftse Mib goes up 0.76%. Frankfurt does little better, better place, + 0.90%. Paris goes half a point, London + 0.68 percent. The reaction of the sterling / dollar exchange rate is even more marked: it has broken through a few minutes to 1.29. The increase over the last week is close to 6%. Almost reached (-1%) the value of six months ago. Banking shares (+ 1.63%) and financials (+ 1.41%) are flying in Piazza Affari, but the climb is generalized. On the Ftse Mib, the best Banco Bpm (+ 2.40%) and Fineco (+ 2%) securities, followed by Unipol and Bper Banca (+ 1.80%). Worst trend for Pirelli, -1.48%. But the data coming from the United States also dictated the mood of the markets. Consumption in September was weaker than expected. Wall Street yesterday fell slightly and pressure on the Fed rises to lower rates at next week's meeting. Even the futures on the Wall Street stock market indexes have accelerated and rise by half a percentage point, while the future linked to the Vix volatility index drops by more than one point. The data from the United States dictated the mood of the markets in the morning. Consumption in September was weaker than expected. Wall Street yesterday fell slightly and pressure on the Fed rises to lower rates at next week's meeting. This morning the bags in Asia had been little moved, with the exception of Hong Kong, a half-point climb.