The ECB rate cut will lead to a small reduction in variable-rate mortgage payments and offer better conditions for new fixed-rate loans. Consumer loans, such as those for cars and appliances, will also see a decline…
Positive stock markets after the ECB rate cut and banks in focus, towed by Unicredit-Commerzbank. On Wall Street, Nvidia (+1,3%) is doing well, while Moderna (-18%) is collapsing
Commenting on the Unicredit-Commerzbank deal, Lagarde said: "Banking consolidation has been long-awaited, it will be interesting to see how it goes." And on the Draghi Report: "These are structural reforms, I hope that the authorities in charge will follow that path." Inflation estimates confirmed, revised those…
With today's decision, the deposit rate goes from 3,75% to 3,50%. Due to the new operating framework, the other two drop by 60 points. The ECB confirms its inflation estimates
INTERVIEW WITH LUCA MEZZOMO of the Intesa Sanpaolo research center. On the public debt management front, from now until the end of the year the road will be downhill, with low spreads, a drastic drop in bonds to be issued, ECB rate cuts…
Generalized increases on the stock market both in Europe and America. Effervescent banks on Piazza Affari with an eye on the ECB
After the decline on Wall Street and the bad mood on Asian stock markets, European stock markets should have the strength to bounce back today. This week the ECB will pronounce itself on rates, next week it will be the Fed's turn
New episode of Guida alla Finanza by Stefano Siviero of the Bank of Italy: the digital euro promises to modernize payments, offering a safe and ecological version of cash. But there are still issues to resolve, including security, privacy…
The ECB does not reveal itself and does not provide indications on the next moves: "We are not committed to any particular rate reduction path," says Lagarde. Inflation above 2% also in 2025, price pressures still high
Uncertainty reigns on European stock markets awaiting the EU and ECB appointments. Asml sends Amsterdam deep into the red, Milan above parity. Unieuro flies after the takeover bid. Bitcoin and gold rise with Trump
Market rates are falling following the rate cut by the ECB. On the other hand, government bond yields are also decreasing. The burden on financial investments remains that of the tax burden
European stock markets are back in the red, while the financial climate remains uncertain in these days that separate the first and second electoral rounds in France. At the ECB Forum in Sintra, the leaders of the Federal Reserve and the Eurotower reiterate the…
The president of the ECB and the president of the Fed, at the Sintra Forum, remain cautious on interest rate cuts, preferring to wait for more solid economic data before proceeding with the cut
Unicredit would be concerned about the methods of reducing activity indicated by the ECB which "go beyond the current reference framework". Tajani: “Italian companies must not be damaged”
In its latest Economic Bulletin, the ECB announces that it will keep reference rates at sufficiently restrictive levels for as long as necessary. Underlying inflation continues its downward path, confirming the picture of a gradual decrease in price pressures but…
The authorities have the tools ready to intervene in the event of a worsening of the situation in France: from the use of the Transmission Protection Instrument (TPI) to the postponement of the Basel 3 rules
Russia considers the Austrian bank "of strategic importance" for its economy. Raiffeisen tripled its profits compared to 2021. The Economist report
The fixed rate is already discounting the next cuts, while the variable rate costs much more. Meanwhile there is a rush for subrogations: now they represent a third of the mortgages granted
The week opens with a political earthquake and a strong disappointment in terms of monetary policies. The Fed's decision on rates is on the agenda on Wednesday
European stock markets fall after the ECB's mini-rate cut. Volatile Wall Street awaits Fed moves after higher-than-expected growth in jobs. In Piazza Affari Leonardo did well, utilities did poorly
Stock markets in the red in the aftermath of the ECB, with the markets waiting for US data to understand the Fed's moves. Euro area GDP rises, DoValue takes off in Milan
The banks push Piazza Affari which becomes the best stock exchange in Europe on the day of the ECB's mini-cut in rates. Wall Street, on the other hand, is in trouble as it senses the Fed's reluctance to cut rates
No indication from Christine Lagarde on the ECB's next moves: "The speed and timing of the reduction remain uncertain". She then specifies: "We have not entered a phase of rate reduction"
After three years of restrictive monetary policy, the first rate cut since 2016 arrives, but the ECB warns: "Price pressures remain strong". The new estimates on GDP and inflation
Investors' eyes are focused on the words of Christine Lagarde who could give indications on the next moves, waiting for US data. Europe positive dragged by tech stocks, oil tries to rebound, spread down
On Wall Street, hopes of a cut are rising even sooner than previously thought. Nvidia closed 5% higher, reaching a $3 trillion market valuation and overtaking Apple. Yesterday the Bank of Canada…
The ECB's first small cut is less important than the vision that Lagarde will announce tomorrow on rates, inflation and growth in the Eurozone which the markets are watching very carefully. Piazza Affari ok despite the sales on Telecom and banks
After Tuesday's declines, European stock markets are rising again as they wait for indications from Christine Lagarde. In Milan utilities and cars are doing well, banks are being fought. Bitcoin towards new records, oil floats
The appeal was presented by Malacalza Investimenti and Vittorio Malacalza and focused on the actions or omissions of the ECB supervision starting from 2014 and on the extraordinary administration of the bank at the beginning of 2019
At Piazza Affari to follow Eni which received confirmation of its rating from S&P. While on Webuild Fitch improved the outlook. Unicredit and A2A have placed bonds
The week of ECB rate cuts begins, even if the reduction will not go beyond 0,25%. Milan remains the best stock exchange in Europe after Amsterdam and disproves the old saying "Sell in May and go away". But the…
Rates and taxes, monetary policy and budget policy, economic policy and Italian and European financial rules: on these issues the new Governor of the Bank of Italy, Fabio Panetta, is expected to speak this morning in his first Final Considerations before the...
The ECB's one-year inflation expectations fell to 2,9%, the lowest since August. Uncertain stock markets awaiting Wall Street, banks in Milan tonic, exploits of Newlat and De' Longhi
With London and Wall Street closed for holidays, European stock markets are rising cautiously, already projected on the inflation data due out during the week. In Milan utilities rebound, Stellantis rises awaiting the meeting with the unions. Lane…
In its latest report, the Autonomous Federation of Italian Banks takes stock of mortgages, certifying the drop in rates. Strong reduction for the fixed, but the variable is also starting to decline
Although the data would push the ECB to cut rates, its dependence on the Fed leads it to prevaricate, slowing down the markets after the long rally
Wall Street is waiting to know the trend of US inflation. Meanwhile, the EU Commission publishes new economic forecasts, while Eurozone data relating to first quarter GDP, first quarter employment and industrial production in March will be released. Also on the agenda today…
European stock markets fear that the ECB will slow down like the Fed in cutting rates but on Piazza Affari Mps gains over 5% in the wake of the resurgent banking risk starting from Spain
The economy remained weak in the first quarter of 2024 but is expected to strengthen in the coming months. Inflation is expected to remain stable before falling to 2% next year, despite the risk of a rise due to the war in…
For the new bond the minimum threshold is 10.000 euros. Until May 3 the bond is offered at 100 on the Mot. Tax is 26%
In the 2023 annual report, the ECB underlined the consolidation of progress against inflation, attributing it to a total increase in interest rates of 200 basis points, with clear effects also on BTP yields
European stock markets are now convinced that it will be the ECB that will inaugurate the season of cuts. In Milan the banks rebound, Amplifon and Saipem run
Sales on banks are pushing Piazza Affari downwards, which is currently the worst among the European stock exchanges. The spread goes back to 141
If inflation continues to approach the objective, "it will be appropriate to reduce the current level of monetary policy restriction", the Governing Council puts it in black and white. Lagarde: "We don't commit in advance, but we decide meeting after meeting"
Data on US inflation yesterday worried the markets, dispelling expectations of a cut by the Fed. Today European stock markets are expected to show little movement. Bankers could benefit from the situation
Investors' eyes are already focused on US inflation on Wednesday and the ECB meeting on Thursday. Milan among the best, oil falling, yield on the benchmark 10-year BTP rising
The fall in inflation in Europe raises hopes that the ECB will decide to cut rates, even if not before June. In Piazza Affari the banks shine but also Telecom Italia, Stellantis and Ferrari lose ground
By virtue of the latest inflation data, the ECB could start reducing rates in June, bonds are flying. Fineco runs in Milan, Stellantis goes down after registration data
Interview with Jakob de Haan, president of Suerf, one of the most important groups of central bankers, economists and financial managers – “It seems that the period of high inflation will soon be behind us” – “At the moment wage increases are the indicator…
As happened to many other central banks in the euro zone, in 2023 the Bank of Italy recorded a gross loss of 7 billion, but the risk fund absorbed the red and the year ended with a profit...
On the occasion of the celebration in Rome of the 150th anniversary of the birth of Luigi Einaudi, the Governor recalls how Einaudi managed to reduce inflation without stifling growth, but even leading to the Italian miracle. The debt issue in Italy
European stock markets are taking a breather and enjoying the first Friday of spring. Leonardo at the top of the Ftse Mib, Mps still down. The spread rises above 130 points, gold below the highs
Does the energy transition cost businesses too much? A study by the European Central Bank says that the effects will only be seen in the long term but the belief is growing that the EU president has gone too far
In the latest economic bulletin, the ECB's governing council sees a brighter picture and says it is "ready to adapt all instruments to reach the inflation target of 2%. However, the risks for economic growth remain oriented towards the downside"
For now, rates remain unchanged but the reduction is approaching. Will the Fed or the ECB cut first? Let's hope that the cuts do not come too late to avoid recessionary pressures
THE CANCELS OF THE ECONOMY OF MARCH 2024 – What are the reasons for the German economy's trouble? Italy records higher growth than the Eurozone, lower inflation, and sharply declining spreads: how can this be explained? The strong stability of the US economy will influence…
The rally of stock markets in Europe continues with Milan among the best together with Paris. Unicredit thinks about M&A. ECB reduces interest rate spread.
As expected, the ECB rate cut is not for today but it is approaching and the euro is strengthening while the spread is heading towards 130. Piazza Affari is less brilliant than Frankfurt and Paris but on the rise: the new course of…
The inflation estimate for 2024 goes from 2,7% to 2,3%. Lagarde on rate cuts: "We will know more in April and much more in June." Stock markets up, government bonds down
Market still rising while waiting for the ECB and the Powell hearings. Trump sends Bitcoin soaring. Spotlight on Diasorin in Piazza Affari
The president of the ECB spoke at the plenary session of the European Parliament where she spoke about inflation, rates, the stability pact and the resilience of the euro area
The loss would actually have been 7,8 billion, but 6,6 billion was covered with the risk fund, which was thus eliminated.
The monthly economic bulletin issued by the Frankfurt institute chaired by Lagarde. How much wars weigh on growth, the objective of a timely return of inflation to 2% and the alarm on vulnerable companies: "The highest number in Italy and Germany"
Stock markets at two speeds: the American ones are still rising, driven by the GDP, the European ones are weak after Lagarde's intervention according to which the rate cut still has to wait. Hera stands out in Milan
A message that ECB President Christine Lagarde has been repeating for months now like a mantra: "Restrictive rates, as long as necessary" and relaunches a possible cut for summer 2024
After the Central Bank's decision, European stock markets remain weak. But the markets look above all to the words of Christine Lagarde
European stock markets weak on the day of the ECB: the accounts of Tesla and STM weigh below expectations - On the contrary, the accounts of other tech giants are booming with Microsoft which exceeded 3 trillion...
Trump's clear victory in New Hampshire made a new market rally possible. Netflix bets on wrestling. Hong Kong runs. Stellantis suffers in Piazza Affari
According to the survey by the Ipso union, 53% of ECB staff think that Lagarde is not the right person to lead the Eurotower, while only 38% support the current monetary policy
Cyber threats represent a "systemic risk to the stability of the European financial system" but despite this the attacks go unreported. For Cipollone it is "necessary to continuously work together". The ECB's stress tests on the IT security of banks will soon be held...
The words of the ECB president on rates, which will only fall in the summer, are liked by the banks which are going up on the stock market but they are not enough to save the stock markets, including Milan which loses almost 1% and is struggling to defend the 30 thousand mark
Speaking to the ABI executive, the governor of the Bank of Italy admitted that "we are in a phase of cyclical slowdown". In 2023 growth at +0,6-0,7%. "Banks in a positive phase" but beware of the risks
The decreasing trend in prices should contribute to the increase in real incomes, while exports will align with the improvement in foreign demand. Geopolitical risk from war in Ukraine and the Middle East
Between 2010 and 2016 the median value of wealth fell to 150 thousand euros - Less well-off families rely only on the house, while for richer ones the portfolio is more diversified
The Fed is holding back the increases triggered by the expectation of an imminent rate cut. The US two-year bond slips to 3,9%. China bans iPhones for employees. Blackrock exits the Snam regasification terminal. Diasorin gives the numbers on Covid
The rate decisions of the ECB and the Fed give wings to European stock markets - Inflation in Italy falls in November but the debt hits a new record in October
Two-speed central banks - Sensational boom in Piazza Affari for Diasorin, which will present the new industrial plan tomorrow, and Telecom Italia after the rumors about Vivendi's moves - Banks in serious difficulty due to rating risk
Growth will remain limited in the short term, then will recover thanks to higher real incomes and improved external demand. The PEPP program will close by the end of 2024
All the market spotlights are on the central banks' next moves - Weak stock markets today: two-speed banks on Piazza Affari
Waiting for the central banks' pronouncement on rates but in Piazza Affari the acquittal of Alessandro Profumo and Viola sends MPS into orbit while the excellent collection rewards Fineco
Pause in the rally of the stock markets but the continuous decline in oil prices, beyond geopolitical reasons, can help the decline in inflation and the revision of monetary policy with beneficial effects on shares and bonds
If even Schnabel, the priestess of German austerity, becomes a dove and says that she can rule out further rate increases, that's music for the markets. 70% of Intesa Sanpaolo employees have chosen the short week
Without the American stock exchange, closed for holidays, the European stock markets were revived by the ECB minutes which suggest a drop in rates in the first part of 2024
From 2024, the ECB will carry out stress tests on the cybersecurity of banks for the first time to assess the preparedness and resilience of credit institutions in Europe. The outgoing president of the Supervisory Board Andrea explained it…
The drop in inflation beyond forecasts in Europe calls monetary policy into question and now the stock markets are starting to think that the ECB could begin to reduce rates - Also watch out for the Fed
Already in September there was a clear recovery in mortgage requests, even before the announcement of the ECB's rate stop. It is still possible to use the Fund for the purchase of your first home by 31 December
Yesterday Piazza Affari was the only European stock exchange in positive territory - Big Tech is flying but US GDP worries the Fed - High tension Mediobanca meeting tomorrow
ECB leaves rates unchanged but Lagarde makes no commitments on the future - US GDP comes close to a 5% increase - Markets skeptical but Piazza Affari rebounds
“Now is not the time for forward guidance.” ECB President Christine Lagarde said this at a press conference in Athens after the board meeting that she unanimously decided to leave rates unchanged at 4,50%: it is…
Inflation is slowing down somewhat but rates, if kept high for some time to come, will be able to push it towards the 2% target always indicated by the ECB - Two-speed stock exchanges
Opening in the red for the European stock markets, Saipem down in Milan after the accounts and the capital increase to service the conversion of the bonds. All eyes are on Stellantis after Ford's agreement on the contractual renewal with the unions
Interview with Gian Maria Milesi-Ferretti, former deputy director of the IMF and now senior fellow at the Brookings Institution in Washington - Faced with the difficulties of the Italian economy "the populist attitude towards Europe and investors would be the worst signal"
Eurozone finance ministers have supported the appointment of Italian Piero Cipollone as Fabio Panetta's successor - Final word at the European Council
European markets open higher: Ftse Mib over 29.000 points. The ECB's statement on the near future of the economy and monetary policy reignites the rush for shares but also the new decline of the euro and the rebound of BTPs -…
Le Lancette dell'economia, a historic column by Fabrizio Galimberti and Luca Paolazzi, will respond to the main current economic and financial issues on Saturday 16 September
Lagarde's words which make one imagine a pause in the rate rise after today's gives a boost to the stock markets and Milan runs, driven by Enel and Prysmian - Euros and spreads fall
The new price projections push the ECB to further tighten monetary policy, but "some governors wanted a pause", admits Lagarde. According to the ECB, rates have reached a level high enough to "tame inflation". And the bags…
A few hours after the ECB board meeting, uncertainty about rates is at its highest but an increase of a quarter of a point remains probable - Hints of recovery in China - Oil still at the top
A woman will lead the Single European Banking Supervisory Authority - Buch gets the better of the Spanish Delgado who is now aiming for the EIB - The appointment must be confirmed by Parliament and the EU Council
In a six-page opinion, the ECB criticizes the measure introduced by the Meloni government: For the Eurotower "the extraordinary tax creates an uncertain fiscal framework and can make it more expensive for banks to attract new capital"
