Tension is rising within the ECB, as confirmed by the news from the Financial Times according to which Mario Draghi has decided to restart the measures to stimulate the economy, including Quantitative Easing in format, despite the strong opposition of a significant part of central bank executives, members of the Governing Council and heads of structures. Pending the publication of the minutes of the meeting, the euro rises to its highest level in the last two weeks at 1,101 (+0,4%): the market is thus betting on the difficulties of the doves after the exit of the Italian banker.
Business Square -0,05% is the only Eurozone list in red. Above parity Paris +0,35% driven by the recovery of luxury stocks thanks to the positive results of lvmh + 4%. Kering gains 3%, Hermes also rises +0,61%. At Piazza Affari in the wake of the French flagship they recover Moncler +1,96% and Ferragamo + 1%.
Frankfurt +0,02%. Germany's exports fell more than expected in August. Up too Madrid +0,30%. Weak London -0,17%. Flat Zurich: EU finance ministers have decided to remove the United Arab Emirates (UAE) and Switzerland from the list of countries considered tax havens.
The markets are focused on the resumption of negotiations between the US and China. The two delegations meet again after almost three months, in a climate that is certainly not relaxed.
The Bund trades at -0,55% (-1 basis point). Germany's exports fell more than expected in August. The BTP trades at 0,90% (+3 basis points): between today and tomorrow the Italian Treasury, after the offer of BTPs in dollars, will once again focus on securities in euros in a marathon that is worth a total of up to 13,5 billion.
The 12-month Bot auction recorded a slight increase in yield for the 6 billion offered. The average rate was -0,219% against the -0,226% of last September's auction. Requests from the market amounted to 9,9 billion.
Good purchases in Piazza Affari on Unicredit +1,26%,. Among the banks it remains in the spotlight Mediobanca, even if today it doesn't warm up operators -0,08%. Aurelia, the family's financial holding company gavio, would have rounded its stake to 0,7% from 0,66%.
In August, loans to private individuals rose by 0,6% year on year, +2,4% loans to households and -0,7% those to companies.
They also shine Prysmian +1,34% and Salini +1,5%, which received an order worth 388 million euros in Norway. The works will be carried out by a joint venture in which Pizzarotti has 49%.
Brakes Tim -0,7% after the eve exploit. The Brazilian government welcomes the dismemberment of OI, the country's fourth largest operator.
