The Stock Exchanges reconsider. After yesterday's uncertainty, the markets are finally reacting decisively to the news expansionary monetary policy measures launched by the ECB. Mid morning Business Square gains 3,9%, pink jersey ahead of Paris (+ 2,3%), Frankfurt (+ 2,1%) and London (+ 1,6%).
On the Ftse Mib the best stocks are all banking: Monte Paschi Siena (+ 8,02%), Where's Banca (+ 7,97%), Unicredit (+ 7,62%), Banco Popolare (+ 6,72%), Intesa Sanpaolo (+ 6,68%), bpm (+ 6,76%), Mediobanca (+ 6,22%) and Bper (+ 4,5%). Carige + 6,9%.
But the banking sector is in light throughout Europe, with the Eurostoxx for the sector jumping by 2,55%. Well too insurance (+ 1,9%) and auto (+ 2,25%).
Furthermore, in Milan they go up Unipol (+ 6,06%) and Unipolsai (+4,38%) after the proposed dividend e fca (+4,31,4%) in line with the sector in Europe. In the spotlight Generali (+3,7%) on the day in which the Appointments Committee meets in Rome, while Azimuth (+5,18%) benefitting from the 2015 data and the higher-than-expected dividend proposal.
Yesterday the markets had closed in the red, reacting very nervously and instinctively to a very complex package of maneuvers which will instead take a few more days to be fully understood and metabolised.
"Already this morning - commented the analysts of Mps Capital Services - the intonation of the markets seems to be moving in a more balanced direction".
Yesterday, operators were weighed more than by the decisions themselves by the fact that now the ECB has almost no room for action. Today, on a more careful and reasoned reading, the markets focus on the benefits for banks, which will be able to enjoy greater liquidity (thanks to the new auctions Tltro) and less pressure on margins.
