Growth or recession, inflation, rates, currencies, stock markets, but what effect will the new conflict between Israel and Hamas have on economic affairs? The 14th edition of the Lancette dell'Economia will reveal it on Saturday 50 October on FIRSTonline
The housing market is slowing down due to the tightening of the cost of money in Italy, Europe and the USA where the crisis is spreading to American regional banks. But there are those who buy
In his podcast "Al 4° Piano" Kairos strategist Alessandro Fugnoli outlines a market context in which the stock correction will remain superficial and the stock markets will continue to receive positive news. What to do?
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
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
Even Piazza Affari ends up in decline - Banks and utilities are equally challenged
Finding a bank that remunerates the liquidity left in current accounts is very difficult. Some institutes try. Some even with imaginative bonuses
Markets waiting to understand the moves of the central banks - Exor denies the hypothesis of a sale of the Juve control package but the stock soars in Piazza Affari
From 2016 to 2023 the amount of financing increased from 107 to 154 billion euros. A quarter of Italians' debts serve to fuel consumption. In the North the greatest increase. Not even the increase in interest rates slows down its use. Colombani:…
Fluctuating signals from China but restrictive monetary policy raises bond yields and continues to worry the stock exchanges - Novo Nordisk on record
The Spanish bank remunerates current accounts with 4% and flexible deposits with 5%
Uncertainty about interest rates dominates the markets - Hawks attack the ECB - China defends the Yuan - Eni bets on the Arctic
The Chinese government launches measures over the weekend that support the stock market and the Yuan also strengthens - In Hong Kong, however, Evergrande is back in deep red - Jackson Hole gives confidence to the European stock exchanges
The president of the European Central Bank at the Jackson Hole symposium reiterated that the ECB must keep rates at a "sufficiently restrictive level for the time necessary" to achieve a "timely return of inflation to the 2% target".
The Governor of the Fed does not want to be hawkish, like last year, and so he announces new hikes, but only "if necessary", assuring that the central bank will act with "caution". Stock markets slow down, Wall Street turns red
European markets tonic at the opening - The rise in government bond yields removes hopes of a stop to rate hikes - All crazy about artificial intelligence
THE HANDS OF THE ECONOMY OF AUGUST 2023 – The economy is holding up in America and panting in Europe: what are the reasons for the gap? Do rising oil and gas prices threaten disinflation? Rates go up: are we close to the peak? The…
Le Lancette dell'economia, the historic column by Fabrizio Galimberti and Luca Paolazzi, will respond on Saturday 12 August to the main current economic and financial topics. From recession or growth, to inflation, interest rates and stock market trends
Who decides that a profit counts as extra? The failures of the surprising surcharge on banks go far beyond stock market reactions and undermine the credibility of the entire financial system and of the country itself
Tonight Apple's accounts may shock stock markets that have not yet recovered from the shock of the US debt downgrade - Brazil once again gives the boost to Tim
Effervescent stock markets before and above all after Lagarde's words on the easing of monetary policy - Piazza Affari among the best in Europe with Stm, Moncler and Stellantis on the shields - Euro under pressure
The ECB no longer takes it for granted that it will have to raise rates at its next meeting: "We could raise them or pause, but it won't be definitive". Stock exchanges expand earnings, euro under pressure
To understand the immediate future of the economy, you need to answer 17 crucial questions: the hands of the economy by Fabrizio Galimberti and Luca Paolazzi will do it tomorrow on FIRSTonline
The decline in US inflation gives hope for an easing of monetary tightening and gives enthusiasm to the markets - Stm queen of Piazza Affari
The increase in the installments of the variable rate mortgage push many to ask for the subrogation towards the fixed rate. But incomes have been eroded by rising rates and banks are increasingly selective
Interview with Mario Noera, Bocconi economist. The season of high rates is a serious problem for Italy which carries the weight of an enormous debt. The opposition should have jumped on the Green Deal in its entirety instead the project was…
The sharp jump in the labor market and the minute Fed exacerbate fears about the now imminent tightening. Milan the worst in Europe but Fineco flies
The tightening on interest rates will continue but the Stock Exchanges are not worrying too much about it: the Eurostoxx index is now one step away from the maximum and Apple's capitalization is close to 3 trillion dollars
From the ECB Forum in Sintra, the two central bankers confirm that the monetary policies of the US and the EU will continue to be restrictive - Powell: "The majority of the committee wants two more hikes" - But Lagarde warns that the increase in…
At the center of attention is the great Sintra event, the Portuguese cartel where the major central bankers meet. Most of them still see rate hikes in July and September
The announcements of new rate hikes annoy the markets but the good US macro data relaunch the stock markets
Lagarde: "Have we finished the journey? No, inflation is too high for too long" - The stop from July on reinvestments of securities has been confirmed - Stock markets weak, the euro rises
At 14.30 today we will know the new data on American inflation on which US monetary policy depends but the markets are very confident - Berlusconi stable in Italy on the rise and Btp-Bund spread narrower
From the survey conducted by Facile.it and Prestiti.it, the request to merge various debts has grown. The demand for loans for holidays and health care is growing, those for weddings are decreasing
The rate hike brings profits to banks after years of zero interest rates. And we're back to talking about the tax on extra profits. Competition from BTPs at 4% on current accounts
In the Economic Bulletin, the ECB reports the collapse of loans to households and businesses, to the lowest level in the last 20 years. GDP will continue to grow also in the second quarter
Price lists all in the red in Europe and the USA after the ECB's decision to continue the rate hike - Ferrari shines in Piazza Affari but Leonardo falls
The ECB announced a total quantitative tightening, interrupting the App securities purchase program from July - Lagarde: "We don't depend on the Fed, we decide to achieve our goal"
In America, the season of rate hikes seems over but the markets are not celebrating as yet another banking crisis opens: that of Pacwest Bancorp - Summit at the White House on artificial intelligence - Gold at the top
Waiting for the Fed's moves: the market expects a rise in interest rates, yes, but only by 0,25% - Unicredit and Mediobanca instead make Piazza Affari fly, the best stock exchange in Europe
The Fed protects account holders but not the shareholders of First Republic Bank - Australia raises rates - Markets uncertain about the ECB - Tamburi buys Italian Design and launches a takeover bid to list it on the Stock Exchange
Stock markets in red weighed down by banks - Hawks insist on a 0,50% increase in ECB rates as Credit Suisse and First Republic Bank's flight from deposits continues - Goldman Sachs rises in Unicredit
According to the analysis center, the difficulties deriving from the energy crisis have been overcome. Here are the factors of change - positive and negative - that emerge for Italy and on the international scene
Markets Fear Approaching US Recession But Interest Rates Will Rise Again In May As Oil Slips - S&P's Italy Rating Tonight
THE HANDS OF THE ECONOMY OF APRIL 2023 - Why did the Monetary Fund leave the 2023 estimates unchanged despite the stumbles of the banks? Headline inflation falls and core inflation rises: why the ups and downs? What are the risk factors for…
According to Bloomberg, the Italian authorities are evaluating various hypotheses to limit the grip of the Chinese Sinochem on the Pirelli subsidiary without excluding the use of the Golden share: the Tronchetti-Bombasse axis assumes new importance
The increase in oil prices does not stop, which can slow down the economy and lead to a new tightening of monetary policy - Latest act of Credit Suisse: the meeting in Zurich - The car restarts
The signs of a slowdown in inflation are pushing the markets to bet on a softening of the monetary policy of the Fed and the ECB - All the stock markets rise and Moncler stands out in Piazza Affari which, like all luxury goods, is counting on a relaunch…
After 12 years at the top of the Institute, Visco leaves. The 2022 Budget closes with a profit of 2,1 billion. In 2023 and 2024 the Bank will have to deal with negative gross results due to the rate hike
The month of March and the first quarter of the year closed on a positive note for the stock markets despite the level rates and the crises of the SVB and Credit Suisse - The markets are betting on the end of the rate hikes…
The awakening of the Dragon shocks the markets and Alibaba (+13%), the spearhead of the Chinese web, flies to both Wall Street and Hong Kong - Serenity returns to Western stock lists after tensions over banks and…
The Confindustria Study Center in a forecast report estimated Italy's 2023 GDP to grow by 0,4% compared to the zero growth expected a few months ago. No major braking but still worries for the future. Bonomi dubious about…
Yellen's words on defending bank deposits give the market courage and the week closes after a thousand torments but also a clear recovery
Positive stock markets awaiting the Fed's decision on rates - Credit Suisse and UBS still in the red, Italian banks on the rise - Lagarde speaks from Frankfurt
With the new monetary tightening, the installment for a 20-year mortgage grows by 4,6% with an impact on the average income of a family growing to 30%
According to Christine Lagarde, the eurozone banking system is stronger than the US one. However, they will keep their eyes open, ready to intervene
THE HANDS OF THE MARCH 2022 ECONOMY - What are the causes of the stability of the economies? And what are the factors that could spoil these gusts of recovery? Will China continue on past growth paths? Central banks, spurred on by inflation…
Btp Italia beyond forecasts - Green Bond for Stellantis - It's a clash over taxes in Washington
A new tightening on US rates from 0,50% is expected. Europe's stock market is expected to open sharply lower this morning. While the dollar climbs to the highs.
From Japan comes the spring novelty in the world of work: it is not the workers who ask for wage increases but the employers who grant them in advance and the new Bank of Japan is in the game
The fear of new rate hikes is back and Nasdaq's Big Tech is the first to suffer - Much uncertainty also on European stock markets
Statements from ECB and Fed hawks put bond yields under pressure. The banks rebound, Sciuker collapses after the government's Ko on building bonuses
There is a demand for rentals, but the rents are very high and the offer is very limited. More convenience and greater flexibility are instead the characteristics of the new mortgages. Despite the rate hike
THE HANDS OF THE ECONOMY FOR FEBRUARY 2023 - Is the resilience of the world economy confirmed? Are Europe and America out of the shadow of the recession? Is China back to being a locomotive? Central Banks want higher rates: by how much and for how long?…
Recession or economic recovery? How do you explain the recovery of the Stock Exchanges and how long will it last? These and other questions will be answered tomorrow by the Hands of the February 2023 economy
Waiting for the ECB, the shower of corporate buybacks gives a boost to the stock exchanges while the rate hike invigorates the banks
"For the first time we can say that the cure for inflation is working but the job is not done yet," said Fed Chairman Powell, explaining the single quarter-point increase in US rates
Microsoft in the spotlight on Wall Street: tonight, together with the accounts and the layoffs of 11 employees, it will illustrate the 10 billion dollar investment in Open Ai, the ChatGPT company
The drop in gas prices and the hope that the ECB's doves will win on rates fuels the rally on European stock exchanges - Spotlight on Tim's board of directors in Piazza Affari
Slowdown without recession? Inflation at its peak or not yet? On Saturday morning, all the great unknowns of the moment will be answered by the Hands of the economy on FIRSTonline, the monthly analysis column of the economic situation with an eye on structural changes by Fabrizio Galimberti and…
The fall in American inflation in line with expectations strengthens the euro and warms up the European stock exchanges more than Wall Street - Iveco, Pirelli and Leonardo shine in Piazza Affari
Any recession would be short-lived and mild, rates will have to "increase significantly and at a constant pace". The spreads on Italian and Greek securities dropped
The interest rate race will continue in 2023 too, according to experts, by June the 3-month Euribor will still grow by almost one and a half points
Speaking in Stockholm, the president of the Federal Reserve does not enter into the merits of the next moves on rates and the markets are breathing - Euro at 7-month high against the dollar
While mortgage rates immediately increased, adapting to the ECB's tightening, the banks that remunerate current accounts can be counted on the fingers of one hand, as they did before 2008
Price lists are on the rise pending an agreement on the price of gas. Piazza Affari, in line with the other markets, advanced by a good half point over 23.500.
Lagarde raises rates and freezes the markets by announcing, like Powell yesterday, that the monetary tightening will continue in 2023 "at a constant pace" - Quantitative tightening from March The euro rises but the Btp-Bund spread also rises
Powell shuts down the bull on the stock market because he moderates the rate hike but announces others for next year - Today it's Lagarde's turn
THE HANDS OF THE ECONOMY OF DECEMBER 2022 - Italy - for once - does better than Europe. Will last? China has eased the grip of 'Covid zero'. Will it be enough? Rates fall: for how much longer? Energy prices weaken: it's just…
The recovery beyond expectations of the American economy raises fears of a new Fed tightening on interest rates and puts fear on the stock exchanges on both sides of the ocean
"The time has come to slow down the pace of interest rate growth" says the Fed President who surprises the markets: Wall Street flies and the dollar falls while bonds run - The BTP beats everyone - Unknown Tim…
The President of the ECB freezes the markets by arguing that inflation is not yet at a turning point and that therefore the rate hike will continue - Stock markets all in the red, including Piazza Affari
Even the European Central Bank is more dovish on rates and the stock exchanges are celebrating - EU agreement on the price cap is still on the high seas
Bond market on the shields. The next Fed rate hike will be 0,5%. Russia-EU confrontation on oil and gas
The reduction in the yields of the BTP and of the bond market in general suggests a cautious easing of monetary policy in the hypothesis that inflation is reaching its peak
THE HANDS OF THE ECONOMY OF NOVEMBER 2022 - Is inflation really destined to go down? Are falling profits enough to explain the high volatility of the markets? The recession has arrived in Europe; Will America be able to avoid it? China will continue with the 'Covid…
The main rate rises to 2%, the highest level since 2009. The conditions on Tltro loans have been changed. Lagarde: "In December we will discuss the App programme". Stock Exchanges improve
Lagarde is preparing to raise rates in the euro area to 2% but Canada raises them less than expected making the markets dream that they hope for a softening of the Fed - Facebook in free fall
Unicredit, in the wake of the good quarterly, and the oil companies spark sparks in Piazza Affari - Waiting for tomorrow's ECB rate hike
INTERVIEW WITH MARIO NOERA, professor of economics of financial markets at Bocconi on rates, geopolitics and gas problems. "The Meloni government has a card to play: economic sovereignty based on Europe". But without peace, the recession risks…
BoE expands temporary emergency plan to include index-linked gilts, but UK confidence storm continues: "Significant risk to UK financial stability"
Harsh warning from the Governor of the Bank of Italy: rate hikes could have stronger repercussions on inflation when the economy has already experienced a marked slowdown with the risk of triggering or amplifying a recession"
After the Fed, the Bank of England also raises rates (50 bp) and the stock markets suffer in Europe and America - But Unicredit's surge stands out in Piazza Affari
Rain of sales on the Stock Exchange after the Federal Reserve tightening: Wall Street and Asia in deep red and a very difficult session is preparing for today also in Europe
The Fed President is preparing to announce the new increase in US rates but the stock exchanges have already discounted it - Piazza Affari returns to 20 bp driven by Leonardo and Tim
With a 100 basis point increase, the most aggressive move in the last 30 years, the Swedish Central Bank paves the way for rate hikes, which tomorrow will be followed by the Fed
On the eve of the new Fed tightening, the World Bank raises its voice: "Stop" - Yesterday another day of passion for the Stock Exchanges - Bond yields on the rise - Gold collapses
Stock markets anxious: the Fed's moves on rates could be harsher than expected - Since the beginning of the year, the Indian stock market has gained 10,4%, the Brazilian one even 30%
