The three US economists distinguished themselves for their research on banks, financial crises and the regulation of financial markets. Their research “reduces the risk of financial crises turning into long-term depressions with severe…
At his last Fomc, Bernanke announces a new reduction in monthly bond purchases: minus 10 billion - The stimuli thus fall to 65 billion from the initial 85 - Interest rates stopped - Wall Street confirms the red…
The Wall Street Journal publishes an extensive article on the Bernanke era, before the handover to the next governor Janet Yellen - The real test will be the tapering: if all goes well, the massive bond buying will be considered a success…
Bernanke rules out a bubble risk but the Fed fears deflation more than the ECB - Meanwhile, Telecom Italia starts examining the Brazilian business and the market senses an offer from Telefonica on Tim Brasil - The draft agreement makes...
Fiat's exploits with Chrysler and the decline in the Btp-Bund spread are good for the market but China's slowdown dampens enthusiasm and weighs on oil and... on cognac while gold rebounds - Profit taking in Europe and…
Starting in January, purchases of mortgages and T-bonds by the US central bank will decrease from 85 to 75 billion dollars - As Ben Bernanke himself said, "accommodative policy remains the most…
Great expectations for the press conference of the outgoing Fed president but the markets speculate that the tapering will not start immediately - All the stock markets show moderate progress - Prysmian's exploits in Piazza Affari, almost all the…
All the European financial centers are progressing awaiting the Fed's intervention on interest rates and monetary policy - Telecom Italia rebounds in Milan due to the ongoing sale of Telecom Argentina - The banks, A2A and…
Low interest rates up to the threshold of 6,5% of the unemployment rate and 85 billion dollars a month of securities purchases: Bernanke confirms the stimulus to the economy and postpones the tapering - Inflation is under control, unemployment…
The new Fed chair, who has always been a "dove", will continue Bernanke's expansionary monetary policy and is likely to delay the exit from Quantitative easing - The cultural background of the first female head of the Fed is the same…
Fed almost unanimously postpones start of tapering and confirms all stimulus: Unemployment is still high and tightening in financial conditions could slow improvements - S&P leaps to new high and Treasury yield falls…
The 67-year-old New Yorker, current number 2 of the Federal Reserve, is considered by many to be the most suitable to succeed Bernanke and to manage the tapering - Although she belongs to the Democratic Party, she is however not well regarded by Obama, who before…
BY NATIXIS GLOBAL ASSET MANAGEMENT - The Fed's move away from looser monetary policies will be gradual and its impact could be well absorbed by the markets - The more stark consequences could be felt in countries…
FROM THE ADVISE ONLY BLOG - There are two possible successors: Lawrence Summers, ex-Secretary of the Treasury of the United States and the current Vice President of the Fed, Janet Yellen - The decision rests with the US President, Barack Obama - It is important…
The Fed threatens tapering, and emerging countries suffer. Above all their currencies, and above all - to date - that of Turkey, whose lira before Bernanke's announcement was quoted at around 1,8 per dollar while now to obtain…
Barring sensational surprises, the reduction from 18 to 85 billion/month of central bank purchases will be announced on 75 September, the date of the next meeting of the FOMC - The reduction will be equally distributed and will mark the farewell of Governor Ben Bernanke -…
In a recent report, Axa analysts say they are quite convinced that purchases will be reduced gradually but steadily between September 2013 and June 2014 - What is the effect on the markets? US shares are doing well, the scenario on Europe is constructive while…
The Telecom case breaks out: the director Elio Catania is being investigated for being an insider and accused of having revealed information on the capital increase that caused the stock to crash - After Bernanke, who does not change his line, Piazza Affari awaits the conference…
For now, Bernanke hasn't changed: he confirms the expansive monetary policy and leaves rates unchanged at historic lows
The number of sales of existing homes in the US collapses. An unexpected drop of 1,2% was recorded in June. The average prices of sales increased (+13,5%). Last week, Fed Chairman Bernanke stressed the importance of the housing market…
The Fed president's confirmation that US monetary policy will remain ultra-accommodative for a long time has given new impetus to the stock markets - Banks and insurance companies in great shape in Piazza Affari which is the best stock exchange in Europe - Also fly…
"Given the current conditions and still high unemployment, the ultra-accommodative policy is still appropriate for a long time": Ben Bernanke writes to the US Congress and reassures the markets once again - All the lists go up and do even better…
The Ligresti affair weighs only initially on Piazza Affari: Fondiaria-Sai, after a negative start, is even among the best stocks: +1,97%, and Unipol does even better (+2,51%) - Negative price lists throughout Europe within hours of hearing Bernanke -…
Today the hearing of the Fed Chairman on the next monetary policy moves - In Rcs Intesa rises to 6,5% and the arrival of Cairo is possible - Cir flies in anticipation of the extraordinary coupon - The fall weighs on Wall Street…
The S&P rose by 1,06% to 1.670 at the opening, thus surpassing the record close of May 21 - The Fed's number one clarified that any reduction in monthly bond purchases does not equate to a hike in interest rates interest…
New test for government bonds, even more difficult: after the BOTs, the BTPs take center stage - Yesterday, however, Italy's downgrading by S&P was hardly heard - Wall Street in balance and Asia recovering,…
The Fed was able to adopt an expansive monetary policy in a country that has a non-restrictive fiscal policy despite the external accounts imbalance and the result is that the US is recovering - In Europe the…
The trend for Piazza Affari and the other European stock exchanges is positive, after yesterday's dramatic day - But the Milan Stock Exchange does not appreciate the industrial plan presented by Mediobanca: the investment bank loses heavily - On the other hand,…
Morning in sharp decline for all European stock exchanges after yesterday's press conference of the US central banker: in Milan only three stocks escape the red - Spreads on the rise to 280 bp - Heavy losses for…
Fed chairman notes that risks to the US economy have diminished and that, if growth forecasts are correct, the Fed is preparing to end its asset purchases in 2014 - The central bank could start…
Barack Obama opens up the possibility of a change at the top of the Federal Reserve. In an interview with public television, the US president hinted that Ben Bernanke's mandate will not be renewed. The names of the possible…
The bad data coming from China causes the Nikkei index to sink (-7,3%) and fear extends to the European stock exchanges, with Piazza Affari opening down by more than two points – Bernanke's words also weigh in …
The Fed president, while confirming that Quantitative easing will continue, raised the possibility that it will decrease in the coming months and the stock exchanges immediately reacted by selling: America is negative, Japan collapses - Today Europe is announcing a…
The Fed chairman reassures the markets: monetary tightening would be dangerous and therefore the stimulus to the US economy will continue until the labor market improves - No risk of deflation - The Eurozone is improving - Bernake's words…
European indices accelerate positive after the governor of the US central bank spoke of the "need" for accommodative monetary policies, arguing that at the moment a crackdown would be premature and could curb the recovery - Morning trading…
According to the head of the US central bank, regulators and the private sector "must eliminate the vulnerabilities that still remain" in the shadow banking system - In any case, the Federal Reserve has "far-reaching programs to…
The prospect that Hutchinson Whampoa's Chinese will enter Telecom Italia up to 29,9% makes the Stock Exchange dream: tomorrow Bernabè will bring the project to the board of directors - Chinese effect also on Mediobanca, Generali and Intesa - Piazza Affari positive part…
The president of the Fed, before the US Senate, defended the bond purchase policy carried out by the Central Bank - Bernanke: "The benefits clearly outweigh any risks".
Not everyone shares the line of purchases on the market of government bonds and bonds supported by Ben Bernanke and now the fear is that Quantitative easing will end sooner than expected - Milan starts badly this morning in the wake of…
The number one of the Fed is on the same line as President Obama: "It is very important that Congress does what is necessary to raise the debt ceiling and thus prevent the government from being unable to honor its accounts".
Germany puts its foot down on new aid for Athens and the Eurogroup fails the agreement on Greece: if we talk about it again next week, it's a break with the International Monetary Fund - Bernanke: "The Fed's ability to make up for the shortcomings of politics…
The car industry is celebrating (Marchionne in the lead), the green economy, the refinery and the hospitals rewarded by the health reform, but big finance and the defense sector are mourning (including Finmeccanica) - Bernanke's monetary policy is destined to continue…
Research from the ECB scientifically analyzes the difference in communication between the ECB itself and the other monetary institutions, highlighting a strong "normative" imbalance in the Frankfurt institute.
The Fed president confirms that rates will remain unchanged and that monetary stimulus will continue until the recovery has consolidated - Piazza Affari starts in the red, then turns positive - On the stock market, Google overtakes Microsoft behind…
Bernanke lives up to expectations and gives away QE3 to stimulate the American economy "as long as necessary" - Euphoria on the stock market but the real winner is gold, which jumps to 1,777 dollars an ounce - Milan in the running this morning - XNUMX-year BTP…
While awaiting Bernanke's word on American monetary policy, the European stock markets are all down due to the danger that the Greek emergency will once again dominate the scene after the announcement of a senior IMF executive on the need to…
Eastern markets are off to a good start in September after losing 0,8% in August: they are once again supported by the promises of the Fed's number one.
The president of the fed does not reveal the details and does not decide on immediate interventions to support the American economy but leaves the door open and the markets take note of it with moderate satisfaction: stock exchanges all positive and Piazza Affari stands out also thanks…
The chairman of the Federal Reserve confirmed today from Jackson hole that the US Central Bank is ready for new interventions to support the economy if necessary - For now, however, no concrete measures - The performance of the economy remains 'far from…
We publish the complete text of the speech given today in Jackson Hole by the Chairman of the Federal Reserve, Ben Bernanke.
However, the announcement of a new monetary stimulus plan for the economy seems unlikely - The crisis weighs on the car industry - The Tronchetti line prevails in Camfin but the divorce from the Malacalzas seems inevitable - Mediobanca towards a reduction in RCS shares (which…
Third weekly offer of government bonds today in the wake of Merkel's words on Italy and the fall in yields and the spread - Great expectations for tomorrow's speech by Bernanke in Jackson Hole: stimulus to the economy or not?…
Consumer confidence has fallen but house prices are rising in America: the data is contradictory, and in these situations the markets are also advancing between ups and downs.
Neither the ECB president nor any other Eurotower governor will be attending the annual meeting of bankers from around the world to be held this weekend in the US - An ECB spokesman said "because…
The president of the ECB in the sights of the Bundesbank in view of the directorate of 6 September, from which the anti-spread strategy will have to emerge - An even more cumbersome obstacle looms ahead of Ben Bernanke, president of the Fed: according to Romney…
The spread frightens immediately at 545 but then falls and Piazza Affari recovers - New stimulus to the economy from Bernanke and a forthcoming move by the ECB are expected on the 31st - The epicenter of the crisis remains the eurozone - Bpm plan with 3 thousand…
The rise of Wall Street and the Asian stock exchanges reveals that the markets bet on the incentives of the Fed and China - Oil soars above 90 dollars a barrel for the first time since May - Waiting for…
Cold shower on the markets after Bernanke's speech who acknowledges the slowdown in the economy but limits himself to saying that "the Fed is ready to act if necessary", not announcing measures - The stock exchanges are almost all negative: Milan loses…
The chairman of the Federal Reserve, speaking in the US Senate Banking Committee, announced that US GDP growth remained below 2% in the second quarter - The crisis in the Eurozone continues to represent a risk factor…
The single currency closes higher than last Friday, settling at 1,2235 dollars and 96,36 yen, but remains at a 3-and-a-half-year low against the Pound, at 78,67 pence - Great expectations for the hearing of the…
Rain of sales on the Bonos that force Spain to raise the yields of government bonds above the alert level of 7% - The markets, however, expect a new injection of liquidity from the Fed while the Fund…
After the rally of the last three days the market, which had perhaps sinned too optimistic, took a step back today and the regional index in Asia lost about 1% - The main cause is the intervention of the president of…
China cuts rates but the awareness that Europe is one step away from supporting the banks also plays in favor of the new bullish course of the stock markets - Bernanke, on the other hand, does not warm Wall Street by saying that the Fed…
Bernanke confirms that US rates will remain low until 2014 but excludes new Quantitative Easing operations because liquidity would have modest effects on growth and inflation is lurking - Positive start this morning in Piazza Affari, which then…
The consumer price index in March recorded a slight increase both on a cyclical and trend basis. Strong expectations for Ben Bernanke's pronouncement next Monday: investors are hoping for a third round of QE.
A new auction success would cool the resurgent tensions on sovereign risk circulating in Europe and which have brought the spread back to 327 bps - Nervousness also on the Stock Exchanges due to the tensions over oil and the weakness of the recovery…
The speech by Fed chairman Ben Bernanke who promises aid to the American economy makes the markets dream, which from Wall Street to Asia are celebrating by paving the way for Europe - Even Merkel's support for the bailout fund gives oxygen to the stock exchanges…
Wall Street gives a boost to Piazza Affari and European stock markets after Merkel's openings on strengthening the bailout fund and after the Fed's signs of possibility on new injections of liquidity and on a monetary policy…
The chancellor: "Today we cannot say that the crisis is over. We continue to find ourselves in a different phase of this crisis" - The president of the Fed: "The American Central Bank is monitoring the European crisis and is ready to intervene if…
The silence on new injections of liquidity by the Fed has cooled the markets despite the success of the ECB with the Ltro and the new signs of recovery of the American economy - But mid-morning Piazza Affari changes gears and becomes positive again:…
However, the president of the Federal Reserve seems more optimistic about the final part of the year: "Probably the recovery will be faster." And he underlines the negative influence of the European crisis and in particular of the Greek default risk, asking Congress to act on 4…
by Gaetano La Pira - The Fed chairman has not mentioned a new stimulus package for the US economy - And thus the fifth consecutive day of decline has started for US stocks - Meanwhile the unknown factor continues to weigh...
