1- Piazza Affari black jersey, spread above 180
The week ends with heavy losses for almost all European stock exchanges, but Milan is by far the worst Stock Exchange: the Ftse Mib drops 1,75% – Capital of the banks: worries about the prospect of a No to the referendum, even after the words of Bank of Italy - MPS bucking the trend - Stm and FCA are saved - The spread sails around 180 basis points all day, closing almost at 181. Read the article by Ugo Bertone.
2- Bankitalia: high volatility on the Stock Exchange with the referendum
The report on Financial Stability signals a "strong increase in volatility on the Stock Exchange" for the first week of December - Banks under observation: the crux is productivity - Recourse to SME bonds is increasing - Household debt below the EU average, yes strengthens the ability to repay loans. Read the article by Carlo Musilli.
3- Draghi: “Moderate but constant recovery. Inflation will have to feed itself”
The president of the ECB speaks at the European banking congress: "In 2016, the GDP of the euro area for the first time above pre-crisis levels" - However, he adds, monetary support is still essential until the rise in prices is stable at 2% even if the stimulus measures were withdrawn – This is a further indication of the extension of the Qe beyond the date of March 27 – The impact on the performance of the BTPs is positive. Read the full article.
4- A thousand days of government, Renzi: "Indisputable data on work"
The premier held a press conference after his executive reached a thousand days of life: “We arrived at Palazzo Chigi to make the reforms, and we did them” – “Is Italy okay? No, but it's better." Read the full article.
5- Dieselgate, Volkswagen cuts 30 seats
The automotive group's plan was presented in Wolfsburg by chairman Diess, it is the first after the scandal on emissions - The share is on the rise in Frankfurt - The pact with the unions also provides for 3,5 billion investments in electric cars and the digitization as well as 9 hires. Read the full article.
