DRAGHI ANNOUNCES QE: EU EXCHANGES BOOM. MPS TO THE STARS. THE SANTANDER TRACK TAKES BODY
Mario Draghi, surprisingly, announced in advance the imminent launch of the Qe, unleashing euphoria on the stock exchanges of the Old Continent. In Milan, the FtseMib index rose by 3,69% to 18792. The Paris Stock Exchange also grew by 3,55% ahead of Frankfurt +3,32% and Madrid +2,40%. London +2,48%. US stocks also rose, driven by financial stocks: the Standard & Poor's 500 index rose by 1,1%, Nasdaq +1,1%, Dow Jones +1,2%.
Here is the text of the letter from the president of the ECB. "Should it become necessary to further address the risks of a too prolonged period of low inflation, the Governing Council is unanimous in its commitment to use further unconventional tools within its mandate" writes Mario Draghi in response to a question from MEP Luke Flanagan. The banker's reply continues as follows: “This could lead to a change in the size, rhythm and composition of the ECB's measures. These measures could also include purchases of a variety of assets, one of which could be sovereign bonds.
The Btp/Bund spread remained in the 133bp area. In Piazza Affari the shares of the banks were bought with both hands, with Intesa and Banco Popolare up by more than 5%. Mps was inflamed by 12,3%, on the bets that the Sienese institute has entered the sights of Santander, the Spanish bank which just today announced a capital increase of 7,5 billion.
Orders of around 2,5 billion gave Finmeccanica wings, up 5,2%. Among the industrial stocks also runs StM +3,8% ahead of FiatChrysler +2,6%. Enel rises by 4,2%, Telecom Italia +2,9%. Eni also raised its head +3,89%, despite the fact that the price of crude oil remains weak: the wti is traded at 48,86 dollars a barrel (+0,4%).
