Despite high savings, capital remains unused due to legislative fragmentation. Lagarde: "Only a unified capital market can transform these savings into a resource for Europe's economic growth"
Third rate cut for the ECB. "We are heading for a soft landing", reassured Lagarde, admitting however that "the economy is weaker than expected". Stock markets rise, Piazza Affari above 35 thousand points
In a hearing at the European Parliament, Lagarde stressed that "cross-border mergers bring benefits". On monetary policy: "Inflation is falling, disinflation is accelerating and the economy is stagnating". More and more analysts are predicting a rate cut in October
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…
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
The stock markets are seen taking a breather after yesterday's strong rise, in the aftermath of the French vote. Speech by the chairman of the Federal Reserve, Jerome Powell, at the Sintra symposium organized by the European Central Bank
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
While waiting for the key US data in the European evening, the focus is on the president of the ECB from whom ideas could come regarding the next move on rates
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…
Sales on banks are pushing Piazza Affari downwards, which is currently the worst among the European stock exchanges. The spread goes back to 141
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 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
The high tech giants are in trouble. Chinese to the rescue. Great anticipation for the words of the Presidents of the Fed and the ECB. Ftse Mib superstar
Powell will speak to the Senate on Wednesday and Lagarde will speak at the ECB summit on Thursday but the weakness of the markets in Europe and America reveals that no one expects surprises on the rate cut which will not happen before June
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
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
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
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
Markets down due to delay in rate cut. Today Lagarde speaks in Davos. Eni unties the Kashagan knot
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
The President of the ECB warns that inflation has not yet been defeated and the markets are slowing down - Telecom Italia shines on Piazza Affari while MPS falls after the verdict on Profumo and Viola was postponed to 11 December
“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
The President of the ECB announces that "inflation will be high for a long time" and the European stock markets immediately reverse their march, taking the downward path - Piazza Affari loses more than 4,65% but Banca BPM shines - The yield soars to XNUMX%...
Price lists awaiting Lagarde's hearing at the EU Parliament - Anima also on the receiving end in Milan, Stellantis in the red due to the US strike - Oil prices continue to rise
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
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
Fluctuating signals from China but restrictive monetary policy raises bond yields and continues to worry the stock exchanges - Novo Nordisk on record
During her speech today, the president of the ECB tried to reassure the markets "we will bring inflation back to our medium-term objective of 2% in due time". No indication of the direction that the next Governing Council of the…
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".
All the spotlights on the financial markets are focused today on the Jackson Hole summit where Powell and Lagarde will say what the state of health of the economy is and above all what the monetary policy they intend to implement in the coming months will be. Eyes…
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
With the appointment of Michele Bullock to head the Reserve Bank of Australia, there are 24 women at the head of an international central bank
Milan closes slightly higher, better than the other European stock exchanges. Flat spread. Well Saipem and Iveco, bad Amplifon
Equity markets tonic despite the announcement of new rate hikes - Tim takes off and senses the possible conclusion of the sale of the network
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
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”
Requests beyond expectations for Btp Valore but Lagarde freezes the markets - Apple launches Vision pro ($3.500 viewer) while the Meloni government listens today to Tronchetti Provera on the new pact with the Chinese at Pirelli
Unemployment is also declining. Rates: if the Fed seems ready to take a break from the tightening, the ECB president has no doubts: "Inflation still too high, determined to bring it back to our 2% target"
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
In the splendid setting of Palazzo Corsini in Florence, the president of the ECB Chrstine Lagarde met 400 students during the event organized by the Osservatorio Permanente Giovani-Editori
Stocks moderately higher, except Milan, ahead of tonight's speech by Fed Chairman Jerome Powell - Pragmatica Lagarde
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
The President of the ECB confirms the half point increase in rates in March, but the lists do not seem to suffer - Piazza Affari is close to the highs
The rate on main refinancing rises to 3%. Lagarde: "We will stay on course, significant increases at a constant pace, decisions will depend on the data". The BoE also raises rates by 0,5%
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
Day of sales in all stock exchanges after Lagarde's aggressive words on rates - Piazza Affari loses 1,75% and is one of the worst lists in Europe
On the eve of important appointments of the central banks, the President of the ECB warns of the persistent risks for financial stability and the European stock exchanges veer towards parity or downwards - The new data on subsidies…
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
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 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
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"
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'
Expectations for new interventions by Lagarde and Powell at the Sintra summit, but markets fear recession and reverse course downwards
"The anti-spread shield and rate hike complement each other, the tool will be effective and proportionate," Lagarde said at the ECB Forum. Milan Stock Exchange: eyes on Saipem, Mediobanca and Generali recovering
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
After the collapse of the European stock exchanges and Wall Street on Friday, the financial markets remain in turmoil and accuse Lagarde of the uncertainties on the save-spread shield
The president of the ECB confirms a probable rate hike in July. The European Stock Exchanges are proceeding in positive territory. The coupon detachment weighs on the FtseMib
Rates to rise 'sometime after' end of App program, expected to end in QXNUMX - Lagarde warns of halt to Russian oil and gas
ECB President Lagarde warns that the war has changed the cards on the table. It will bring more inflation and less growth to Europe but "we will take any necessary action"
Faced with the risks of war, the president of the ECB, Lagarde, does not rule out the renunciation of reducing monetary stimuli - Heavy losses of the banks in Piazza Affari
Lagarde's possibility on ECB rates weighs above all on Italy due to its high debt and the pressure on BTPs immediately restarts the spread, holding back the stock exchanges
In March, with new macro projections, new assessments on rates - Inflation high for longer than expected, but down during the year
The president of the ECB returns to the subject of inflation and reassures: "The situation in Europe is different from the US where the recovery is further ahead. Being too aggressive would do more harm than good to the European economy"
European stock markets all up after reassurances from the ECB while Wall Street travels at two speeds - CNH and Stellantis take advantage of Piazza Affari, but Eni and Intesa Sanpaolo are also growing
Pepp program purchases to end in March, but will be offset by App plan until end of September - Lagarde is "very unlikely" to see rate hike in 2022
As soon as he was reconfirmed as Chairman of the Fed, Powell admitted that inflation can no longer be considered a temporary phenomenon but the ECB instead continues to use more reassuring tones - Here's how things really are
For the head of the ECB, the recovery "is the strongest since 1975" but the increase in prices is linked to supply restrictions and not to general economic conditions. The Fed also agrees. Monetary policy will remain expansionary to encourage…
Stock markets are almost all positive after the ECB meeting and the drop in American subsidies - Saipem, Prysmian, Interpump and Banco Bpm are the most popular stocks in Piazza Affari
The Eurotower revises its GDP and inflation forecasts upwards, but confirms that monetary policy will remain expansive for much longer - For the moment, there is only a "moderate" slowdown for purchases linked to the anti-pandemic program
Great expectations for the summit of central bankers in Jackson Hole but in the meantime rumors have leaked about Yellen's intention to propose the confirmation of Powell at the helm of the Fed
Confirmation of the ECB's expansionary monetary policy supports the rise in European stock exchanges - Wall Street, on the other hand, is weak due to the new employment data - Piazza Affari gains 0,5% - Enel, Atlantia, Bper and Poste Italiane are highlighted
The Central Bank modifies the conditions necessary to trigger a monetary tightening, further postponing the phase in which the cost of money will rise again
The Central Bank announces a series of innovations in the strategy underlying monetary policy – The inflation target is raised. Lagarde: “2% is not the maximum limit” – The air is changing and the stock exchanges are aware of it: rain of…
Speaking to the Economic and Monetary Affairs Commission of the European Parliament, Lagarde sounded the alarm about the balance sheet vulnerability of companies which could increase riskiness in bank portfolios. On dividends: "We recommend restrictions expire at the end of September"
Piazza Affari easily overcomes the detachment of coupons and closes higher - Stellantis, Prysmian and Unicredit the best stocks of the Ftse Mib - Sales on utilities that have remunerated shareholders - China bans Bitcoin - Wall…
Neither rate hike nor tapering ("today is premature"): the ECB does not change the expansionary monetary policy, considered essential to support the economic recovery which it expects to be even more robust in the coming months - Inflation does not scare because wages so far…
All the spotlights on tomorrow's press conference by the President of the ECB but the markets do not expect any changes in rates or the start of tapering - Analysts like the appointment of the new CEO of Ferrari but it does not warm…
In the second quarter, the central bank will increase the pace of government bond purchases - Lagarde: "The pandemic still makes a large level of monetary stimulus essential" - Rates unchanged - Positive market reaction
Lagarde's words cause the single currency to rise and shake the bond market - A week of records ends on Wall Street and in Asia
Stock markets in slowdown welcome President Lagarde who confirms accommodating policies. If necessary, the Eurotower will adjust the monetary policy measures - From Frankfurt also the appeal to governments to accelerate the Recovery Plan
Biden's definitive victory in Arizona, the EU's green light for the Recovery Fund propitiated by Merkel and the strengthening of the ECB bazooka wanted by Lagarde: 3 ideas for the markets that are also looking at the Johnson-Von negotiations...
The markets try to interpret all aspects of the ECB's latest moves and remain cautious - In Milan, however, all energy stocks are up sharply.
The purchases of the Pepp pandemic program increase by 500 billion, which is extended until at least March 2022 - Favorable conditions for the third tranche of TLTRO until June 2022 and three new auctions in 2021 - Rates unchanged…
The second wave of infections from Covid 19 worries the number one of the ECB who spoke to the EU Parliament: "The Next Generation Eu package becomes operational without delay" - The EU council faces the veto of Hungary and Poland
European stock markets fail to rebound despite Lagarde's openings - US stock market recovers instead, led by the Nasdaq thanks to strong acceleration in GDP
Eurotower number one assures that next month the "recalibration" of monetary policy will concern every tool available to Frankfurt, "bar none"
The number one of the ECB warns: "In Europe, one third of the amount that would be needed. And the "green" label is often a fig leaf". The ECB turns on a beacon
In an interview released during the CEO summit of the Wall Street Journal, the number one of the ECB did not rule out a possible rate cut and warned about the recovery: "We fear the economic impact of the second wave" - The stock exchanges are trying to recover…
Lagarde heralds a wise paradigm shift by the ECB to make it not only more elastic on inflation but also more attentive to unemployment and macroeconomic stability on the American model - However, there is much resistance to change and the possible…
Despite the indecent clash between Trump and Biden on TV, Republicans and US Democrats are one step away from agreeing on new anti-Covid aid for the economy and the stock market is breathing - ECB hawks attack Lagarde on inflation - Gualtieri has…
Frankfurt's number one recalled that the inflation target "below but close to 2%" was formulated in 2003: "Now the concerns are different" and a significant revision is expected, at least temporarily
The number one of the ECB in front of the European Parliament: "The pandemic is still making itself felt on businesses and consumers, the prospects remain uncertain"
The race of the euro against the dollar like that of gold and silver does not stop, but the President of the ECB observes: "The agreement on the Recovery Fund could have been better" and to reserve a greater share for non-repayable aid
The number one of the ECB confirms that rates will remain at their lowest levels and the bond purchase programs will continue as planned: the situation could change only in the event of "positive surprises", which are currently absent
Bot auction demand booms while stock exchanges suffer, even if Lagarde says the worst is behind us - In Piazza Affari (-0,57%) the most purchased stock is Snam, followed by Atlantia - The worst are Saipem and Mediobanca .
Lagarde does not disappoint and strengthens the bazooka: it does not warm up the stock exchanges, but it gives wings to BTPs, with an effect on banks, post offices and managed savings - Shock data on American unemployment are expected today: 20% is the watershed
