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by Fabrizio Patti 07 May 2020European stock market indices increase increases compared to the morning. In Milan the Ftse Mib rises by 0.87%. The other European stock exchanges do little better, the best Paris, + 1.2%. The spread drops slightly after days of rising, as we see in the graphics. The vice president of the ECB Luis de Guindos, said that the European Central Bank "is more determined than ever" to carry out actions in support of the economy. A position that follows Tuesday's German Constitutional Court ruling that gave the ECB a three-month ultimatum to demonstrate that its Qe purchase program was proportional to the effects of economic and fiscal policy. Contrasting data today on the macroeconomic front. Industrial production in Germany is worse than expected: -9.2% in March, compared to February. On the other hand, Chinese export data turned positive: + 3.5% in April, analysts had expected a drop. This has also given a new boost to oil. Even today + 10% for the American WTI, which reached 26 and a half dollars, while Brent rises to 31 and a half dollars (+ 6.3%). In Italy today many quarterly results. Banca Mediolanum, Credito Valtellinese, Mediobanca, Mps and Snam. In particular, Snam saw the profit for the first three months rise by 5%, to almost 300 million. A minus sign for Mediobanca which communicated the suspension of the dividend, until further decision in July. Best stocks of the Ftse Mib Enel + 3.2%, after yesterday's quarterly, and Nexi (+ 3%). Worse performance for Bper Banca, -1.24%, and Cnh, -2.67%, also in these cases after the quarterly report presented yesterday.Chinese exports go back and give a new boost to oil
2020-05-07T12:42:15.146Z
European stock indexes are increasing their increases compared to the morning. In Milan the Ftse Mib rises by 0.87%. The other European stock exchanges do little better, the best Paris, + 1.2%. The spread drops slightly after days of rising, as we see in the graphics. The vice president of the ECB Luis de Guindos, said that the European Central Bank "is more determined than ever" to carry out actions in support of the economy. A position that follows Tuesday's German Constitutional Court ruling that gave the ECB a three-month ultimatum to demonstrate that its Qe purchase program was proportional to the effects of economic and fiscal policy. Contrasting data today on the macroeconomic front. Industrial production in Germany is worse than expected: -9.2% in March, compared to February. On the other hand, Chinese export data turned positive: + 3.5% in April, analysts had expected a drop. This has also given a new boost to oil. Even today + 10% for the American WTI, which reached 26 and a half dollars, while Brent rises to 31 and a half dollars (+ 6.3%). In Italy today many quarterly results. Banca Mediolanum, Credito Valtellinese, Mediobanca, Mps and Snam. In particular, Snam saw the profit for the first three months rise by 5%, to almost 300 million. A minus sign for Mediobanca which communicated the suspension of the dividend, until further decision in July. Best stocks of the Ftse Mib Enel + 3.2%, after yesterday's quarterly, and Nexi (+ 3%). Worse performance for Bper Banca, -1.24%, and Cnh, -2.67%, also in these cases after the quarterly report presented yesterday.
Source: rainews