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…
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
Saturday 13 April on FIRSTonline the new edition of Lancette dell'economia, the monthly economic analysis column edited by Fabrizio Galimberti and Luca Paolazzi
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"
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...
The Fed's fluctuating interest rate policy is putting the brakes on Asian markets. European stock markets open with caution in the last session of the quarter, which promises to be the best in recent years
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"
The Bank of Japan lowered its key interest rate to zero percent from minus 0,1 percent previously. Also stop the yield control program
The Rising Sun raises its head. No more zero rates. Wages are rising, Toyota is leading the charge but not everyone trusts. Inflation is already scary but for the big names the stock market is bull
The stock market rise has been going on for 18 consecutive months and sooner or later the correction will come. In the last episode of the podcast Al 4° piano, Kairos strategist Alessandro Fugnoli explains how to behave
Neither US inflation nor worse-than-expected industrial production are affecting the mood of European stock markets, which are all still on the rise. In Frankfurt, eyes on Adidas, Zalando and Volkswagen. Inditex drags Madrid
Gold reached new all-time highs rising to $2.100 an ounce. Switzerland also buys the metal. What is behind the rally?
The loss would actually have been 7,8 billion, but 6,6 billion was covered with the risk fund, which was thus eliminated.
According to Bank of Italy, after 24 months of consecutive increases and after reaching the highest level of the last 15 years in November, last December mortgage rates for families fell to 4,82% against 4,92 in the month...
Last year, almost 20% of UK-listed companies issued a profit warning. A figure that even exceeds that recorded during the 2008 financial crisis, according to Ernst & Young
Btp Value on offer until Friday. Rate cut, eyes on the Milan Fed. Milan black top in the EU, managed savings securities suffer. Oil companies are doing well
The debt-ridden Chinese real estate giant is in liquidation. In Europe the rate cut is closer, France launches the diktat. In the spotlight banks and managed
The third issue of the BTP Valore brings with it something new: the duration is lengthened due to the drop in interest rates. Here's everything you need to know
In the latest episode of the podcast "Al 4° piano", Kairos strategist Alessandro Fugnoli talks about what awaits us in 2024 which, "with due care", could be a positive year for investors
Not even the words of the ECB president today in Davos have stopped the pessimism of the markets, fueled by the news arriving from the Red Sea. The risk of recession pushes gas higher. Weak stocks and bonds
The effects of the first electoral challenges of the year stand out: in Taiwan the anti-China party wins. On the internal front, the dossier on the former Ilva is in the foreground. Inflation data for December will be released on Tuesday
Eighth episode of Guide to Finance, published by FIRSTonline, distributed in 16 languages and created by REF Ricerche with the collaboration of Allianz Bank Financial Advisors – Carluccio Bianchi, prof. Applied Macroeconomics contract at DiGSPES explains what…
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
Saturday on FIRSTonline the eighth episode of Guide to finance created by REF Ricerche with the collaboration of Allianz Bank Financial Advisors. Professor of macroeconomics at the University of Eastern Piedmont Carluccio Bianchi will explain what the yield curve is and how…
A survey by C2 Partners probes the sentiment of banks on the main topics of the period: from the next reduction in interest rates, to M&A, Big Tech and artificial intelligence
2023 has overcome recession fears with moderate growth. In 2024, inflation falls, but central banks navigate their policies uncertainly with the possibility of surprises in financial markets. The point on the economic situation by…
Stock markets around parity after the rally of the last few days, Wall Street futures are progressing. At Piazza Affari Leonardo is at its highest level for 6 years
During the press conference Powell did not go so far as to declare mission accomplished but implied that the increases are probably over. He also has rising openings in Asia and Europe. Today the ECB and Tim Board. Cucinelli on the shields
In his first official appearance as Governor at the 60th anniversary of Iccrea, Fabio Panetta underlines that interest rates are already at a level "sufficient to bring inflation back in line with the 2% objective" and "useless damage" must be avoided For…
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
In his podcast "On the 4th floor" the Kairos strategist, Alessandro Fugnoli, advises to "stay invested and wait for the course of monetary normalization to complete its course" but be ready to grasp the news
The prospect of higher and longer rates in the US has sent European stock markets into the red. Cost of money unchanged also for England and Switzerland, rising in Sweden - Oil companies down in Milan, good...
After Jackson Hole and while waiting for the new meeting of the Fed and the ECB, Andrea Terzi (Cattolica) and Creel (Sciences Po) intervene on the next moves of the central banks
In the latest report on the economy of the EU and the eurozone, the international organization sees the need for a double squeeze: fiscal and on rates
Surprisingly, the government taxes the extra profits of banks as a response to the failure to adjust interest rates on Italian current accounts: here's how it works
The most hawkish of the Fed is leaving, inflation is loosening its grip, there are fears for credit: the clues are there. Will they be enough for central banks to end the hike campaign in July? Let's see what novelties they can play…
The governor of Bank of Italy Ignazio Visco says it clearly: "The banking system is solid, but the risks associated with a deterioration in credit quality must not be overlooked"
Foreign Minister Antonio Tajani attacks the ECB: "Thus we risk recession", but Lagarde confirms the hawkish line: "Inflation at 2% is the only priority. Reach the goal no matter what”
According to Antonio Patuelli, president of the ABI: "There is an alarm of bankruptcies: many have arrived unprepared for the shock of the rate hike".
The new rate hike decided by the ECB, in the order of 0,25%, will have important impacts on the pockets of Italians. Here are the main consequences according to Fabi's latest analysis
What are interest rates for? and what are they? Some information on the main types of interest rates and their use
According to the Governor of the Bank of Italy, Ignazio Visco, Italy is able to manage the effects of the monetary restriction, but the ECB must evaluate the intensity and timing of the tightening to avoid the two risks that endanger the economies
But as the past has shown, central banks cannot remain inactive in a context of high inflation and politicians must rein in their considerations. Here is the latest analysis by the Public Accounts Observatory directed by Giampaolo Galli
According to the analysis by the Gabetti Group, in the first half of 2022 would-be borrowers aimed to obtain an average of 159.790 euros, basically in line with 2022
In a period in which forecasts are often divergent, there are two points in which there is agreement: that inflation will fall in 2023 and that 2024 will be a year of strong recovery
the ECB will continue to have a hawkish attitude to maintain credibility and bring inflation back to the medium-term objective of 2%. The president of the ECB said so at the EBC in Frankfurt
The effects can be seen on the exchange rate of the dollar and on the performance of the stock exchanges and, therefore, given the deterioration of international financial conditions, also on that of the real economy. The analysis of Ref Ricerche
The number one of the ECB in a hearing at the European Parliament: "Aid to families against high energy costs should be temporary and targeted so as not to fuel inflation"
With the subrogation of the loan it is possible to switch from one bank to another at more convenient conditions and at zero costs by changing the duration and interest rate. But when is it convenient?
The hands of the economy by Fabrizio Galimberti and Luca Paolazzi return on Saturday 10 September. Businesses, inflation, rates, markets, currencies: what will happen
The ECB takes a hard line to counter inflation which rose to 9,1% in August. Lagarde explains that we are at the beginning of the path. Energy, food and a weak euro underlie the decision. Growth estimates revised to 24. Contrasted stock exchanges and…
For the "Tpi" shield, no limit on purchases established in advance - The season of negative rates ends more quickly than expected by the markets
The president of the Central Bank reiterated her intention to accelerate on the shield. The Governing Council will discuss it on 21 July. Powell and Lagarde: 'Pre-pandemic low inflation won't come back'
Signorini: “Reduced exposures to Russia and Ukraine. Funding at pre-pandemic levels in 2021" - A project has been presented to transform IVASS into an instrumental body of Bank of Italy
Christine Lagarde sends a clear message to the markets: anyone who has doubts about our determination is making a mistake. The ECB will act against the unjustified increase in spreads
THE HANDS OF THE ECONOMY OF JUNE 2022 - China is no longer the locomotive of the world economy. Will the US and Europe be able to avoid the recession? Inflation does not give up, driven by energy: will the slowdown in the economy also cool down prices? The banks…
INTERVIEW WITH MARIO NOERA, professor of financial intermediaries at Bocconi - "The ECB's rate hike would be a wrong move" - "We risk more of a recession than an inflationary spiral" - "An expansionary fiscal policy should be stimulated and…
For the same reason, the Nasdaq marked a strong recovery yesterday – Gas price increases and, Italy, Draghi's words on coal-fired plants also contribute to the euphoria
In the USA, the first increase in the cost of money will probably arrive in March - Today the numbers of the major Wall Street banks - The ECB confirms: new stimuli after the PEPP - Chinese exports are doing well
THE HANDLES OF THE ECONOMY OF DECEMBER 2021 - The new variant of SARS-Cov-2, which will not be the last, is forcing governments to take the unvaccinated head on, decreasing the risk of other closures. Inflation has struck more than once,…
Medium-term forecasts speak of an increase in prices still below 2%, therefore the Eurotower confirms rates at an all-time low - Lagarde: "I think the Pepp will end in March"
Will T-Bond Yields Rise Again? Will the Draghi effect on BTPs last? Does the dollar still have room to strengthen? Have the stocks started a correction? And will Bitcoin become a 'safe haven'?
Why are T-Bond yields rising? Will the Draghi effect on BTPs last? Will the Dollar Rise Continue? Bags are in the odor fix? Will financial conditions still support the recovery?
Why are T-Bond yields rising? And why, despite a government in fibrillation, does the BTP spread decrease? Will low real rates comfort the recovery? Will the dollar go down again? Are the bags fragile or solid?
The central bank cuts the rates on the Tltro3 auctions and creates a new series of emergency refinancing operations (Peltro), but does not press on the accelerator and retains room for maneuver for the next few months - The cost of borrowing remains…
The central bank begins the review of its monetary policy strategy and the new president assures: "We will fight climate change" - Rates and Qe unchanged for the moment
Only three variables could cause stock prices to fall: more inflation, less growth and more uncertainty - But it is not a probable scenario for the year that is upon us - This is why investing in the stock market remains the preferable option in these…
The new president of the EBF has proposed transferring the cost of the negative rates established by the ECB to customers with current accounts exceeding 100 thousand euros. But in Italy the Civil Code forbids it
Financial conditions are even more favourable: central banks push the cost of money ever more into negative territory while profits, even if steady, give a positive return. Exchange rates obey fundamentals, positive for the dollar, minus…
Atradius expects Canada's GDP to grow by even less than 2% this year with exports, domestic consumption and investments declining, while the number of corporate bankruptcies should stabilize. Good opportunities are opening up for Made in Italy with the entry into…
Draghi speaks of "a notable moderation in the economy, which will extend into the year" and revises growth estimates downwards for 2019 and 2020 - The new subsidized loans to banks will start in September and will end in two years...
While central banks around the world, led by the Fed and the ECB, prepare to raise interest rates, the excess of global inflationary dynamics represents a strong risk for a 2019 that promises to be very insidious…
Report by REF Ricerche - The slowdown in stock exchanges depends on economic, monetary and political reasons: here's what they are
Draghi sticks with Italy ("It's an uncertainty like Brexit and the spread damages the banks") but remains confident in the possibility of an agreement between the Government and the EU - The ECB leaves the reference rates unchanged for all time necessary…
The volatility that has hit the Italian market has caused yields on government bonds to soar and, consequently, also the spread - Italy is ever closer to Greece and ever further away from the more solid countries…
In the morning, the differential shot up to reach a peak of 311 basis points, to then fall back to just below the psychological threshold of 300 points: only last Friday, at the close, it was 266 - Meanwhile, the yield on…
The number one of the ECB speaks of Italy: "We are waiting for the maneuver and the parliamentary debate, but Conte and Tria have assured that Rome will respect the rules" - The central institute confirms the monetary policy: interest rates at a minimum and Qe stopped from…
In the USA, inflation remains stable at around 2% and the job market is solid, but the repercussions of tariffs are "difficult to predict" - Shot at Trump on the trade war: "The countries that have chosen protectionism have gone…
The end of the ECB's ultra-expansive monetary policy will cause the installments of variable-rate mortgages to increase and the cost of new fixed-rate loans - The situation is more complicated on the savings side, with shares and…
From "THE RED AND THE BLACK" by ALESSANDRO FUGNOLI, strategist of Kairos - To choose how to use one's savings, the time horizon is decisive: if it is short, it is better to remain liquid but if it is long, bonds are agreed - In this…
FROM MORNINGSTAR.IT - The first tightening of the ECB could arrive towards the end of the year, but the markets generally move in advance. Replicant funds can help shelter: here's how
The Market Outlook of Cordusio, the Wealth Management company of UniCredit (full text attached in Pdf) - Having filed the monetary tightening carried out in March, at this point the members of the FED Committee estimate a total of…
According to the number one of the Bundesbank, "the end of net purchases will only be the beginning of a multi-year process of normalization of monetary policy, which is why it is so important to start really early".
The Bank of England meeting ended with a majority vote. No hike in interest rates, buying continues. The cautious line confirmed
The first official meeting of the Federal Reserve led by the new president Jerome Powell led, as expected, to a first rise in interest rates - In Italy, the Consulta rejected the appeal of the members of Popolare di Sondrio: via…
In the wake of the American stock market, which closed its worst session in the last seven years, Asian stock markets also plunged: Tokyo -5% – The fear is that the Powell-led Fed will accelerate rate hikes to counter…
European price lists are cautious, conditioned by the extension of the German 2-year bond and by the BTP back above 2% - Leonardo rises in Milan on the eve of the plan - AXNUMXA down, but also Terna and Enel - Telecom Italia down - Good…
Better the fixed rate or the variable? According to data from the MutuiOnline Observatory, Italians have no doubts - Loans for first homes are increasing, subrogations are decreasing.
New Nasdaq record - Carige increase starts uphill in Piazza Affari - Leonardo rebounds
In a hearing in the European Parliament, the ECB president also reiterated that inflation will drop in the coming months, which is why Frankfurt must continue with its monetary stimulus programme.
Rates will therefore remain at their current level "until we see signs" of a rise in inflation - On Quantitative Easing: "The benefits outweigh the distortions".
There are many groups, including Snam, Telecom, Enel, Ubi and Intesa Sanpaolo, which have pushed the bond accelerator in recent months - The goal is to take advantage as much as possible of rates close to zero, waiting for …
The calculations come from the Bundesbank: between 2008 and 2016, Berlin saved in interest rates on its debt the equivalent of 7,5% of its GDP, compared to 10,5% for Italy - France, Belgium and Austria also achieved savings equal to…
Signs of caution are coming from the American Central Bank on the increase in interest rates, which could be postponed - This move risks influencing the ECB, which, in order to avoid excessive strengthening of the euro against the dollar, could postpone the announcement of the…
Wall Street sets record on Janet Yellen's speech to Congress, during which the Fed's number one will talk about the state of the US economy in 2017 - Awaited indications on rates and budget reduction - As soon as the document is released,…
Not just interest rates: a handbook of Mutui.it and Facile.it takes stock of all the other expenses associated with opening a mortgage for the purchase of a house
We publish the introduction by Claudia Segre to the financial education glossary, "Parole di economia e Finanza", created by the Global Thinking Foundation in collaboration with Maurizio Bernardo, president of the Finance Commission of the Chamber of Deputies
From the ADVISEONLY BLOG - Interest rates are destined to rise again, with the first touch-up yesterday to the US ones which the Fed will follow up with others. What is the point of investing in the bond market in this context?
