Having resolved the doubts of the day before, the Fed opts for the maxi cut of 50 basis points, 11 out of 12 governors voted yes
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…
From Btp Italia, to corporate bonds, to private debt. All to defend investments from the erosion of inflation. Monetary tightening is on the way
Last hours for the race to lead the US central bank: Biden could confirm Jerome Powell (favourite) or choose Lael Brainard, preferred by the left wing of the Democrats. The new president will have to contend with inflation and the environment
All stock markets up after Powell's reassuring words on tapering and US rates - Piazza Affari is the best stock exchange in Europe with a 1,3% jump and a recovery of 26 - Spread Btp-Bund at…
Signals are coming from the Fed on the change in monetary policy, but only in 2023 - Wall Street worried - Three records instead for the Eurostoxx - Commerzbank loses momentum
Another decline of Big Tech and Big Pharma on Wall Street which starts a strong rotation but the Fed Chairman cools the fear of inflation and confirms the expansionary monetary policy - Piazza Affari in the red despite the…
The President of the Fed, Powell, believes new short-term interventions to support the economy are essential and the abundant liquidity favors the boom in Bitcoin, also supported by Paypal - Generali Investor Day today
Signs of rising prices in the USA. Frost in the Eurozone, discounts in Asia. Commodity prices on the rise, except the oil king. Costs of labor advance slowly, almost at a standstill
Fed Won't Hit Rates Until Inflation Exceeds 2%, But Incredibly Nasdaq Responds By Going Down - Dollar Rises, Oil Falls
THE HANDS OF THE ECONOMY IN SEPTEMBER - The FED has changed its strategy, with important consequences, including social ones. Now we need to understand the moves of the ECB, which is undergoing its strategic review. After a formidable rebound, economies face many…
Sales day on the markets, unnerved by the Fed which recalls how the pandemic, still unresolved, is affecting the economy and by the increase in US unemployment benefits, which have risen to over one million - Piazza Affari loses 1,44% but Diasorin, Recordati and Ferrari are saved.
The American central bank has announced that it will immediately resume purchases of securities on the bond market and the stock markets immediately restart their rally - Today it's up to the European markets to respond
Rain of sales on all share lists - Piazza Affari loses almost 5% and is the worst stock exchange in Europe: CNH even falls by almost 12% - Diasorin is the only share up on the Ftse Mib - The sentiment…
Btp Italia at the start today - Gold at its highest level for over 7 years - Oil restarts and the markets are characterized by cautious optimism after the message from the President of the Fed - Terna and MPS in the meeting
In America BlackRock changes hands and ends up under the umbrella of the Fed while in Milan the banking group led by Foti has won new customers with the pandemic and the rally continues after the quarterly. And it could lay the foundations…
the virologist Fauci appreciates the anti-Coronavirus drug tested by the American Gilead and the stock markets are racing - Fed and ECB ready for other anti-recession interventions - Stock markets rally also in Asia
The American Gilead announces that new tests on its anti-Coronavirus drug are working and the new moves by the Fed give sprint to the stock exchanges, both on Wall Street and in Europe - Tenaris leads the rise in Piazza Affari.
Futures herald another difficult day for the markets, even if oil has recovered and the Fed has entered the field with new liquidity for everyone, including China - The Coronavirus slows down in Italy but scares America - From January…
Faced with the overtaking of infections in the US compared to China, the Bloomberg agency wonders if the Coronavirus will be Trump's Vietnam, but the markets go crazy in the face of the mountain of liquidity
The markets rediscover the importance of the Fed's super-bazooka and take off both in the US and in Europe - In Piazza Affari, the rise is close to 9%, driven by the double-digit rise of Exor, Nexi and Leonardo.
Stock prices fluctuated and then fell sharply despite the Fed's Qe - Piazza Affari loses but less than the other stock exchanges (-1%) - Double-digit exploits by Nexi and Bper but collapse of CNH due to resignation...
The half point cut in interest rates decided by the Fed is not enough for the Stock Exchanges and Wall Street closes in the red - Now it's the turn of the ECB - 9 billion hit for John Elkann who sells Partner Re to the French…
After the G7, the Fed cuts rates by half a point and the stock exchanges rebound: Piazza Affari, weighed down by the banks, reduces the increase in the final - Poste, Amplifon, Diasorin and Stm run.
JP Morgan cuts its estimates on Chinese growth, but don't panic on the markets also thanks to the Fed - Piazza Affari at the top since May 2018 - Bank of England decides on rates today in view of Brexit - New reductions…
While awaiting the Fed and the developments in the tariff negotiations, Piazza Affari closes higher but the session was shaken by the sensational collapse of Safilo due to the loss of the Lvmh licenses
Trump shoots zero on the Fed but in Europe the sides are reversed: after Draghi, it is Lagarde who presses governments on budgetary policy and for the first time mentions the names of Germany and the Netherlands - It is…
The horizon of the financial markets remains uncertain and crossed by too many variables, ranging from duties to rates up to Brexit - Piazza Affari rediscovers the IPOs
Positive end to a difficult week on the back of US employment data and rumors about Apple iPhone 11 sales - Realizations on Banco Bpm after the rally of the last few days
The bad data of the German manufacturing PMI, the bankruptcy of Thomas Cook due to Brexit and the liquidity crisis that prompted the Fed to intervene several times worry the markets - Piazza Affari loses 1%: the…
New injection of 75 billion from the Fed on the bond market and Wall Street is hunting for new records - D-day for Carige and the Peninsula fund saves Mediaset
The Fed cuts interest rates by a quarter of a point but Trump wanted more and lashes out at Powell - Japan on stand-by - Spotlight on Mediobanca in Piazza Affari
Tonight, Fed Chairman Powell should announce the expected rate cut - An avalanche of accounts arrives at Piazza Affari - Salini, a decisive day for the Italian construction hub
Conservative shift in Greece boosts bonds as markets fear a less generous Fed on rates - Deutsche Bank's big cleanup test today
Coupon detachment today in Piazza Affari for the traditional distribution of the big names of the Ftse Mib - The eyes of the market are also on Tim's strategic committee, in view of the board that will begin to evaluate the merger with Open Fiber
Powell ready to cut rates if the tariff war puts US growth at risk - Draghi speaks tomorrow, but the EU infringement procedure is pending on Italy - Renault board of directors updated to date
FROM "THE RED AND THE BLACK" BY ALESSANDRO FUGNOLI, Kairos strategist - Many speculate the end of the cycle but "no recession is in sight" and "in the short term there is no reason not to remain reasonably invested in the stock market and not…
The US Congress approves the revision of the law desired by Obama to limit the banking abuses that had led to the great subprime crisis - Compared to the past, however, the changes are softened: the rules on derivatives remain - Salt…
Jerome Powell was sworn in and officially became the new chairman of the US Federal Reserve, succeeding Janet Yellen: "Humbly honored. Today unemployment is low, the economy is growing and inflation is low: we will continue to support growth, prices and Work".
The incumbent governor of the Federal Reserve, speaking to the Senate Banking Committee, said that "low rates have helped the economy but are no longer appropriate" - "Monetary policy needs to be normalized: now the economy is strong and the …
The announcement came from Fischer himself who in a letter addressed to President Donald Trump, the 73-year-old justified his resignation with "personal reasons". But now it becomes easier for Trump to dismantle the rules against the wild speculation of…
Atradius expects that the Fed's rate hike will have a moderately negative impact on capital flows to emerging markets with high external financing needs and insufficient foreign reserves.
INTESA SANPAOLO REPORT - The less the Fed wants to signal the approaching of the first rate hike, the greater the probability that the euro-dollar exchange rate will reappear at 1,30 - The pound is slowly recovering - After a…
FROM THE BLOG ADVISE ONLY - Interest rates set by the Federal Reserve are set to rise but the decision will be communicated well in advance, as indicated by the minutes of the last meeting of the Federal Open Market Committee - An increase in…
According to the analysts of the Macro team of Exane BNP Paribas, in yesterday's meeting the Fed essentially maintained the line held in the last few meetings - The US central bank maintains a positive view on inflation - Cut the estimates on…
The head of the Federal Reserve speaks to Congress: "In light of the fact that the labor market is very sluggish and that inflation remains below the optimal target (by 2%), a high degree of monetary accommodation remains ...
Ben Bernanke's former deputy swears in and becomes number one of the American central bank - She will take care of the delicate transition from Qe to tapering - The first woman to lead the Fed, Yellen has broken the most…
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…
US President Obama is preparing to appoint the former number one of the central bank of Israel Stanley Fisher as vice president of the Federal Reserve, which from February will be led by Janet Yellen - The board will be completed by Jerome Powell 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…
Data from the American labor market exceed expectations: the number of employed rises by 204 units, compared to the 125 expected. Possible restrictive measures from the Federal Reserve and Wall Street opens higher.
Eastern stock markets fell, trimming the gains of the last two months, which marked the best rally since the beginning of 2012. Investors were worried by the results of the two-day meeting of the Federal Reserve which hinted that the Central Bank…
James Bullard, chairman of the St. Louis Fed, said in an interview with Bloomberg TV that "a small taper is possible in October" and that last Wednesday's decision to leave stimulus measures unchanged was "borderline". …
The Federal Reserve's decision not to interrupt the stimulus to the American economy restores cheerfulness to emerging markets - The Brazilian Ibovespa grows by 2,6%, the real by 3,2% against the dollar - The rupee also does well (+2,6 ,XNUMX%), which slows down the fall, the…
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…
The German Stock Exchange hits a new all-time high after the good electoral result of the CSU in Bavaria - Piazza Affari dragged by banks and luxury - Fiat: documents for Chrysler Ipo during the week - Male Telecom: Citigroup cuts its recommendation…
FROM THE ADVISE ONLY BLOG - A heavy depreciation has particularly affected the Brazilian real, the Indian rupee and the Indonesian rupee - These currencies have recorded double-digit negative changes - The suspicion that may arise…
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 MSCI Asia Pacific index, which had lost 2,2% last week compared to the previous week, is rising today (+0,3%) for the second consecutive day - The yen is midway between 98 and 99 against dollar, and the euro…
FROM THE ADVISE ONLY BLOG - Fears that the Fed's expansionary monetary policy has come to an end and that interest rates will rise again have particularly hit US high-dividend stocks: here's what happened and…
The Bank of England takes an example from its American colleague and decides to maintain the current ultra-expansionary policy, from interest rates at 0,50% to asset purchases, until unemployment drops to 7%, from the current 7,8% - The new policy…
Larry Summers, former Treasury secretary, now closer to the position of number one at the American central bank - Obama's latest interview weighs in, asking for more control of inflation - Janet Yellen, so far the favorite, ready to sacrifice the rise…
ARTICLE BY MORNINGSTAR - The American market is five times the size of the euro market: short maturities protect against rising interest rates, but beware of exchange rate risk - Investors are waiting for choices on…
The meeting will end tomorrow, with the announcement of the decision on the cost of money, scheduled for 14 pm (20 pm in Italy) - At the same time, the updates of the estimates on the American economy will be released, while the press conference on…
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…
From next summer, the American Central Bank could begin to reduce quantitative easing 4 - The announcement came from the president of the SanFrancisco Fed, John Williams, and from Richard Fisher, president of the Dallas Fed.
“Fed policy has had a distorting effect on capital allocation decisions at virtually every level of the economy,” Rieder said, attacking the quantitative easing policy. Before him, it was Bill Gross (Pimco) who attacked…
The US central bank has confirmed that interest rates will remain "exceptionally low" until the unemployment rate drops to 6,5% and has assured that it will keep its economic aid plan unchanged
The agreement the Federal Reserve is working on aims to prevent foreign banks from having to pay too much price for the ban on using taxpayer money on derivatives trading - The most plausible solution is that…
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.
Yesterday in Congress, former Federal Reserve Chairman and current US Treasury Secretary Geithner attempted to defend his position in the Libor case. But another British bank has come under investigation: Lloyds Banking Group.
According to the Washington Post, Treasury Secretary Geithner's position is increasingly less stable because he would have been aware of the manipulation of Libor since 2008. Geithner, however, replies that everything in his power had been done. In…
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 latest measurements show a significant deterioration in consumer confidence and manufacturing activity in the Richmond region. The data on real estate is slightly against the trend. Euro recovering close to 1,25.
The US central bank also cut its US growth forecast from 2,4-2,9% announced in April to 1,9-2,4%, while inflation estimates fell from 1,9 -2% to 1,2-1,7%.
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.
Good signals from the US economy: according to the Federal Reserve's Beige Book, the slow recovery that began almost 3 years ago is confirmed - "In many regions, industries are optimistic about their growth prospects".
The Federal Reserve has added another chapter to the 'good central banker' manual and guaranteed rates close to zero until the end of 2014 - Financial markets have responded positively: Hong Kong rises above 1%
The November figure was revised downwards to -0,3%, versus -0,2% previously communicated.
This is what emerges from the Beige Book published by the US central bank: after the slowdown in the summer, the economy returned to growth in September, albeit modestly. The labor market is still in difficulty
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…