Central banks protagonists of the rise in stock prices. In Europe Mario Draghi, speaking at a conference in Frankfurt, gave further fire to Qe's expectations: "If our policy, on the current trajectory, is unable" to lift inflation and inflation expectations - he said - "or if should further risks materialize for the price outlook, we would increase our pressure, widening the channels of intervention even further", said the ECB president, specifying that this enlargement would take place "by accordingly modifying the volume, pace and composition of purchases".
Furthermore, in the afternoon, the ECB started the purchase of Abs, after it had started buying covered bonds in recent weeks. Meanwhile, China's central bank cut interest rates by a quarter of a percentage point, the first cut since July 2012.
The lists, supported by the incoming liquidity, closed the session with a marked increase: Milano jumped by 3,88% to 19.954,51 points, the best stock exchange in Europe, Paris + 2,67% London + 1,08% Frankfurt +2,62% and Madrid + 3,22%.
The positive moods of the market are also reflected in the BTP, whose performance during the day hit a new all-time low since the introduction of the euro, to 2,23%. At the close, ten-year bonds recorded a spread of 149 and a yield of 2,28%.
Also Wall Street reacted accordingly with the S&P500 immediately at the start of the session in a sprint to new historical highs: at the end of Europe the index was traveling up by 0,62% to 2.065,45 points, the Dow Joes by 0,69% and the Nasdaq by 0,4%. The rise in US indices in turn supported the run of European stock markets.
Spotlight in the US Caterpillar and also the oil companies. Meanwhile the Fed announced a review of internal bank oversight practices after allegations of those he believes have silenced dissident voices. The central bank, as explained in a note on the same website, asked the inspector general of the Fed itself to understand if "there are adequate methods in the decision-making process ... to obtain all the information necessary to draw conclusions and make supervisory decisions".
Il Petroleum WTI rose 0,78% to $76,44 per share. Also the change euro dollar it was affected by expectations of a further easing of monetary policy in the Eurozone and dropped 1% to 1,2411.
The bankers run on the Ftse Mib: Meidolanum + 6,06% Unicredit + 5,58% Banco Popolare + 5,41% Intesa Sanpaolo +4,88%. In light among the best blue chips also Atlantia (+5,07%). In red on the main basket only stm (-0,08%) affected by yesterday's statements by CEO Carlo Bozotti: the profitability target repeatedly indicated by management (EBIT at 10% of turnover) could slip forward due to the weak market condition some chips.
