The ECB is still pushing the markets Piazza Affari, a week of + 10%
2020-06-05T10:36:10.553Z
Today the stock exchanges celebrate yesterday the decision of the European central bank to buy government bonds for another 600 billion euros on the market. They add to the 750 billion already implemented previously and the duration of the anti-pandemic program is extended by another six months, up to and including June 2021. The program, President Lagarde said, will continue "until the coronavirus crisis phase ends on the board." It was a more robust than expected intervention, the effects of which are felt today on the banking sector in Piazza Affari: the sector index marks + 3.15%. For the Ftse Mib index, the increase at mid-session is 2 percent, the best result in Europe together with that of Paris (+ 1.97%). For Dax Frankfurt + 1.50%, for London + 1%. Compared to the opening on Monday morning, the Ftse Mib index rose by 10%, since the beginning of the year the decline has reduced to just under 15%. The spread was also good, the difference between what the Italian Btp makes compared to the German counterpart: yesterday it was 195, it dropped to 178, today it dropped another 2, 176 points. Oil stocks also rise in Piazza Affari, because after an agreement between Saudi Arabia and Russia, the North Sea Brent is close to 41 dollars a barrel. Among the individual stocks, the best performances were for Salvatore Ferragamo, + 9.2%, followed by Bper Banca, + 7.9%, Saipem and FCA (both + 5.8%). The Lingotto title also benefits from the amendment filed by some parties of the government majority (Pd, Italia Viva and Leu) which, if approved, would introduce incentives of 2 thousand euros for the purchase of Euro6 cars, to which another 2 thousand should be added euro discount from car manufacturers. Different data arrive on the real economy front. In the afternoon there will be those on unemployment in the United States. It could go as low as 20%, we would be at the highest levels since the Great Depression of 1929. Meanwhile, retail sales are counting for April. 10% decrease compared to March, -26% compared to a year earlier. 12.15 pm
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by Fabrizio Patti 05 June 2020Today the stock exchanges celebrate yesterday's decision by the European central bank to buy government bonds for another 600 billion euros on the market. They add to the 750 billion already implemented previously and the duration of the anti-pandemic program is extended by another six months, up to and including June 2021. The program, President Lagarde said, will continue "until the coronavirus crisis phase ends on the board." It was a more robust than expected intervention, the effects of which are felt today on the banking sector in Piazza Affari: the sector index marks + 3.15%. For the Ftse Mib index, the increase at mid-session is 2 percent, the best result in Europe together with that of Paris (+ 1.97%). For Dax Frankfurt + 1.50%, for London + 1%. Compared to the opening on Monday morning, the Ftse Mib index rose by 10%, since the beginning of the year the decline has reduced to just under 15%. The spread was also good, the difference between what the Italian Btp makes compared to the German counterpart: yesterday it was 195, it dropped to 178, today it dropped another 2, 176 points. Oil stocks also rise in Piazza Affari, because after an agreement between Saudi Arabia and Russia, the North Sea Brent is close to 41 dollars a barrel. Among the individual stocks, the best performances were for Salvatore Ferragamo, + 9.2%, followed by Bper Banca, + 7.9%, Saipem and FCA (both + 5.8%). The Lingotto title also benefits from the amendment filed by some parties of the government majority (Pd, Italia Viva and Leu) which, if approved, would introduce incentives of 2 thousand euros for the purchase of Euro6 cars, to which another 2 thousand should be added euro discount from car manufacturers. Different data arrive on the real economy front. In the afternoon there will be those on unemployment in the United States. It could drop by 20%, we would be at the highest levels since the Great Depression of 1929. In the meantime, retail sales are counting for April. 10% decrease compared to March, -26% compared to a year earlier. 12.15 pm
