On a shopping day, Mario Draghi's statements they gave wings to the stock exchanges. The Ftse Mib closed sharply up at +2,3% to 21.729 points driven by the banks, the spread fell to 148 basis points, marking the lowest since the beginning of May 2011 and the rate on the ten-year BTP updated its historical low, falling to 2,93. 1,386%. Down the euro trading at 1,39 from 0,9. The other European lists also performed well: Frankfurt +1,37%, Paris +0,63%, London +XNUMX%.
Barclays in evidence in London which rises by more than 5% after revealing today a more incisive cut plan than expected: it will cut up to 14 jobs in 2014 against the 10-12 announced last February. The bank also agreed to set up a £115bn bad bank of risky assets comprising retail businesses in Italy, France, Portugal and Spain.
ECB President Draghi he stated that the Governing Council is “unanimous in its determination to launch new unconventional monetary policy measures to prevent the period of low inflation from continuing too long: we will carefully evaluate the indicators and stand ready to act quickly if necessary”. In other words, an expansionary monetary policy intervention in June becomes more likely. In today's board meeting, the Eurotower confirmed interest rates at historic lows of 0,25%.
In the morning, however, the lists had opened in positive territory supported by the words of the other central banker under observation: Janet Yellen, who reassured the Fed's support for the economy. Unemployment benefits data released today for last week indicated a drop of 26 to 319, slightly better than expected. The data from China was also positive, registering a slight increase in its foreign trade in April, a rebound compared to March, with a trade surplus that reached 18,45 billion dollars.
On Wall Street, after a negative start, the indices turned higher. The Dow Jones rose 0,57% and the Nasdaq 0,92%. WTI oil dropped 0,72% to 100,04 dollars a barrel.
At Piazza Affari they fly the banks: Bper +6,48%, Bpm +5,79%, Ubi Banca +5,77%, Banco Popolare +4,83%. Enel also did well, +5,19% after the release of better-than-expected accounts and the confirmation of the 2014 targets.
At the bottom of the Ftse Mib Prysmian -6,49% which pays the bills for the quarter and estimates on EBITDA lower than expected, Exor -0,62% and Fiat -0,53% which is unable to close in positive territory after the recovery attempt of today. Cnh Industrial was also in the red - -0,36% after the release of the accounts for the quarter which saw net profit drop to 101 million dollars and debt rise to 4 billion dollars. Today the chairman, John Elkann, bought 133.000 Fiat shares at a price of 7,5565 euros while the company's managing director, Sergio Marchionne, bought 130.000 Fiat shares at a price of 7,573 euros. This was announced by the Fiat group itself (about 1 million euros each).
