1- Draghi: Qe until the end of 2017 but reduced to 60 billion per month
The ECB today announced the extension of the bond purchase program from April to December next year, but reduced the amount from 80 to 60 billion per month – Rates unchanged as expected – Draghi: “Moderate but continuous growth in the Eurozone: all countries they must do more, bar none." Read the full article.
2- Draghi tones up the banks and stock exchanges
The lengthening of the Qe, even if with a reduction in monthly purchases, gives new oxygen to the banks and Piazza Affari, well above the 18 thousand mark - Volano Bpm and Banco Popolare - Mps and Unicredit, Mediolanum and Generali are also up sharply - Down oil companies and utilities, Recordati and Atlantia. Read the full article.
3- EU: "No risk on Italian banks" and sanctions Germany on Dieselgate
The EU "doesn't fear banking crises after the referendum in Italy": this was stated by Eurocommissioner for Economic Affairs Pierre Moscovici speaking on French TV. From Brussels instead comes the infringement procedure against six European countries, including Germany and the United Kingdom, for not having sanctioned Volkswagen on the Dieselgate. Read the full article.
4- Unicredit has sold 32,8% of Pekao bank
Another coup by Jean Pierre Mustier, the dynamic CEO of Unicredit who announced that he had sold 32,8% of the Polish subsidiary Pekao to PZU insurance and the PFR fund for 2,4 billion euros in order to reduce the amount of the imminent capital increase of the group – The remaining 7,3% of Pakao in the hands of Unicredit will be put on the market. Read the full article.
5- Government, Mattarella starts consultations
The President of the Republic, Sergio Mattarella, started the consultations for the formation of the new Government in the late afternoon of Thursday, receiving the presidents of the two Chambers, Grasso and Boldrini, and the President Emeritus Napolitano - By the weekend he will meet all the political and on Monday he will entrust the expected assignment. Read the full article.
