Business Square is again first in Europe and closes the session with an increase of 1,92%, with a leap that allows it to regain the psychological threshold of 22 thousand basis points (22.094). The banks did well, but also the utilities, sectors that have offered support to the entire single currency area: Paris + 1,41% Frankfurt + 1,4% Madrid + 1,67% Amsterdam + 1,72%.
London it appreciated by 1,24% thanks to mining stocks and at the end of a rather lively week in the UK, with the arrival of a new prime minister, farewell to the longest-serving queen in English history and welcome the eldest king.
Il king is dead long live the king: stock exchanges are doing well, but the annual Bot rate jumps over 2% in the auction.
The king is dead, long live the king: the phrase, as timely as ever for the death of Queen Elizabeth II and the arrival of King Charles III, these days also applies to bags. The era of easy money from central banks has also passed in the euro area, with the record rate hike by the ECB yesterday (75 basis points, after the rise of 50 points in the previous meeting), but the stock markets, which had already largely discounted this step, have been celebrating for two consecutive days, driven above all by the banks, enticed by more earnings.
Every medal has its reverse and consequently the government bond yields. In Italy, the annual BOT rate at auction reached 2,091% this morning, climbing by over 110 basis points.
Overseas wall street, after Jerome Powell's confirmation of an all-out fight against inflation, she started off on the right foot and is starting to archive the first positive week of the last four.
Encouraging signals have come from the East to instill optimismChinese inflation, with the surprise slowdown in consumer prices in August, while Beijing evaluates a new stimulus plan for the economy. Following this, Asian stocks closed higher.
Instead, no surprises came from the meeting of EU energy ministers. The price of oil rises, the super dollar lowers its wings.
The Bank of England postpones the meeting to the 22nd
To celebrate Elizabeth's mourning, the Bank of England has decided to postpone the next monetary policy meeting by a week, to 22 September. This is the first postponement in 25 years since the bank became operationally independent. The prediction is that the BoE to raise rates by 0,75%, against an inflation rate of 10,1%, the highest for 40 years.
The super dollar deflates
Il dollar remains strong, but deflates slightly after trampling yen, euro e GBP over the past few weeks.
The euro moves in green just beyond parity. Even the pound, after hitting a low of 37 against the greenback, is moving forward today. Elizabeth's face on the British uniform is destined to retire, but it will take at least a couple of years.
No ceiling on the price of gas
The expected meeting of energy ministers today did not produce the expected (now no longer expected, to tell the truth, given that the countries had failed to reach an agreement at a preliminary level) ceiling on the price of Russian gas. The issue was postponed to the October meeting.
Among the raw materials, the price of the Petroleum: Brent appreciates by 2,75% and trades at 91,61 dollars a barrel.
Green wave in Piazza Affari
Financials post the biggest gains today, but the main index of Business Square is crossed by a green wave that leaves out a few stocks and which affects all sectors, from oil to utilities, including Telecom (+2,82%) which moves away from the historic lows reached yesterday.
Following the ranking of Ftse Eb on the podium we find Understanding + 5,33% Finecobank + 5,02% Tenaris + 4,98%.
A follow A2a + 4,91% Ivy + 4,01% Unipol + 3,22%.
The scanty losses concern Recordati -0,88% and Leonardo -0,65%.
Out of the main basket it finally bounces too Mps Bank, + 6,85%.
Coinbase Global, +13,95%, on a day in which digital coins appreciate. The bitcoin it rises by 10% to 21.207 dollars.
The spread widens and the 4-year BTP rate exceeds XNUMX%
The negative effects of the new era can be seen on the primary school but also on the Italian secondary school, which closes in red: lo spread it widens to 231 basis points (+3,26%) due to the surge in the rate of the 10-year BTP which rises to 4,01% (from 3,95% the day before), against the Bund of the same duration in very light drop to 1,7% (from 1,71%).
