Lagarde's debut at the ECB. Saudi Aramco, new exploit
2019-12-12T11:40:07.427Z
The European stock exchanges follow the positive wake of Wall Street and the Asian markets. The Ftse Mib of Milan marks + 0.38%, slightly better than Paris, Frankfurt. The best financial center today is London, where the FTSE100 index rises by 0.60 percent. Last night, the Fed, the US central bank, decided to leave rates unchanged after the three cuts in 2019. Governor Jerome Powell anticipated that rates should not be touched throughout 2020, excluding short-term risks of overheating inflation. Wall Street reacted well, reaching close to historical records with its three indices: Dow Jones + 0.11%, S&P 500 + 0.29%, Nasdaq + 0.44%. Index futures are currently slightly positive. Also in Asia positive reactions, above all in Hong Kong (+ 1.32%) and Seoul (+ 1.51%), both dragged by technological titles. In recent days the US press reported rumors that there will be a postponement of new US duties on Chinese goods, scheduled for December 15th. Today it's Christine Lagarde's turn: in the afternoon her first meeting on badgers at the head of the ECB. No monetary policy changes are expected, after Mario Draghi's moves on deposit rates and quantitative easing just before the passing of the baton. In Italy yesterday the go-ahead by the Chamber and Senate on the Fondo Salva Stati. The spread between Btp and Bund remained stable at 153 basis points, with a 10-year Btp yield of 1.19%. And today is the election day in the United Kingdom. The Euro is recovering slightly against the pound today: 1 euro is worth 0.8448 pounds. Since the beginning of the year the single currency has depreciated by 6 percent. Among the securities in Piazza Affari, industrial and technological stocks are growing. Among the best StMicroelectronics, + 1.48%, and Fiat Chrysler Automobiles, + 1.32%. Best Nexi title, + 1.80%, on the new rumors of a possible merger with Sia. Among the weakest today is Atlantia (-1.03%) and Juventus, -2.89%, Today for the sports company the negotiation of the rights to the capital increase ends. Safilo also falls today (-3.18%) , after -25% yesterday following the presentation of the business plan to 2024, a plan that also includes a downward revision of revenues and margins in 2020 and 700 redundancies, 11% of the workforce. Since the beginning of the year the title has risen by 72%. In the other markets, Saudi Aramco's race continues on the second day of trading on the Riyadh stock exchange. After + 10% yesterday, the maximum allowed in that circumstance, today another + 10%: the stock is approaching the value of 2,000 billion dollars of capitalization, which was the goal advocated by the Saudi authorities.
Share
by Fabrizio Patti Milano12 December 2019The European exchanges follow the positive wake of Wall Street and the Asian markets. The Ftse Mib of Milan marks + 0.38%, slightly better than Paris, Frankfurt. The best financial center today is London, where the FTSE100 index rises by 0.60 percent. Last night, the Fed, the US central bank, decided to leave rates unchanged after the three cuts in 2019. Governor Jerome Powell anticipated that rates should not be touched throughout 2020, excluding short-term risks of overheating inflation. Wall Street reacted well, reaching close to historical records with its three indices: Dow Jones + 0.11%, S&P 500 + 0.29%, Nasdaq + 0.44%. Index futures are currently slightly positive. Also in Asia positive reactions, above all in Hong Kong (+ 1.32%) and Seoul (+ 1.51%), both dragged by technological titles. In recent days the US press reported rumors that there will be a postponement of new US duties on Chinese goods, scheduled for December 15th. Today it's Christine Lagarde's turn: in the afternoon her first meeting on badgers at the head of the ECB. No monetary policy changes are expected, after Mario Draghi's moves on deposit rates and quantitative easing just before the passing of the baton. In Italy yesterday the go-ahead by the Chamber and Senate on the Fondo Salva Stati. The spread between Btp and Bund remained stable at 153 basis points, with a 10-year Btp yield of 1.19%. And today is the election day in the United Kingdom. The Euro is recovering slightly against the pound today: 1 euro is worth 0.8448 pounds. Since the beginning of the year the single currency has depreciated by 6 percent. Among the securities in Piazza Affari, industrial and technological stocks are growing. Among the best StMicroelectronics, + 1.48%, and Fiat Chrysler Automobiles, + 1.32%. Best Nexi title, + 1.80%, on the new rumors of a possible merger with Sia. Among the weakest today, Atlantia (-1.03%) and Juventus, -2.89%, Today for the sports club the negotiation of the rights to the capital increase ends. Safilo also falls today (-3.18%), after -25% yesterday following the presentation of the business plan to 2024, a plan that also includes a downward revision of revenues and margins in 2020 and 700 redundancies, 11% of the workforce. Since the beginning of the year the title has risen by 72%. In the other markets, Saudi Aramco's race continues on the second day of trading on the Riyadh stock exchange. After + 10% yesterday, the maximum allowed in that circumstance, today another + 10%: the stock is approaching the value of 2,000 billion dollars of capitalization, which was the goal advocated by the Saudi authorities.
