ECONOMIC HANDS FOR SEPTEMBER 2026 – Why does the global economy continue to grow despite headwinds? What are the reasons for the continued rise in interest rates? What are the repercussions of the sharp rise in crude oil prices? Why are the currencies of Japan and…
ECONOMIC HANDS FOR JULY 2026 – Why are interest rates rising even as inflation falls? Is the US economy slowing? Will oil prices go up or down? Why has the dollar strengthened? Why is the yen weakening? Stock markets…
THE ECONOMIC HANDS OF JUNE 2026. The effects of the Iran-US agreement (assuming it's signed and reopens the Strait of Hormuz). The stalemate in negotiations continues to weigh heavily. If America isn't laughing, Europe...
The variable rate is becoming less convenient than the fixed rate, which, however, continues to represent the largest share of Italians' choices: 92,3%. On average, according to Mutuionline calculations, the monthly payment for a variable rate mortgage increases from €534...
ECONOMIC HANDS FOR MAY 2026 – What are the weak points for the American economy? When will the fog of war lift? If Hormuz reopens, how long will it take for oil prices to fall? The…
The Stellantis plant in Cassino is operating intermittently and is looking ahead to the Investor Day on May 21st: in the background, Dongfeng, Leapmotor, and the automotive supply chain crisis in Italy.
ECONOMIC HANDS FOR APRIL 2026 – What will change with the reopening of the Strait of Hormuz? Is demand destruction underway? Will inflation continue to rise? Will central banks raise rates? Are there signs of worsening expectations?
Sinner and Alcaraz are candidates for the 2026 Laureus, the "Oscars of sport", while the anticipation for the Madrid Open is growing: the Italian will decide in the next few hours whether to play the tournament, an opportunity for a historic record and to extend his lead over his rival
ECONOMIC HANDS FOR MARCH 2026 – What will be the effects of the war on economies? And on oil and gas prices? Will an inflationary spiral begin? Will the ECB and the Fed keep rates on hold? Why have Italian government bond spreads widened?
In the space of a few days, several alarm bells have been sounded by US institutions, from JP Morgan to Cliffwater to BlackRock and Black Stone. Exposure to software companies is significant.
From Consob communications we learn that the US giant, through savings management and derivatives, has a potential stake with voting rights equal to 10,3%
ECONOMIC HANDS FOR FEBRUARY 2026 – Will signs of recovery in Europe last? Will Italian growth shake off the "point zero" curse? Will low consumer confidence in America lead to a slowdown in consumption? When…
Over the next few days, Italy will experience unstable weather, with rain in many regions, snowfall in the Alps and Apennines, strong winds, and coastal storms. Valentine's weekend will be cold and rainy almost everywhere.
ECONOMIC HANDS FOR JANUARY 2026 – Why are interest rates, prices, and the stock market rising in the Land of the Rising Sun? Why did Warren Buffett say he should never bet against the US economy? What will the Fed's next interest rate move be?
Silver, palladium, and platinum all fell more than 5%, with gold and copper falling significantly, while oil prices rose. Stock markets were divided. In Milan, the row over CEO Lovaglio's future caused MPS and...
ECONOMIC TIMETABLES FOR DECEMBER 2025 – What explains the continued rise in long-term rates? Are yield curves normalizing? Have key interest rates stopped decreasing? Will the signs of recovery in the European economy be confirmed? After the "statistical gloom"...
The Mediobanca Research Department presents the first survey conducted between 2019 and 2024 on 171 Italian WebSoft companies, i.e., companies active in software development, web services, and digital platforms. Last year, revenues exceeded €43 billion.
ECONOMIC HANDS FOR NOVEMBER 2025 – Foreign orders continue to decline almost everywhere: why? What does "private" data tell us about the US labor market? The German economy will continue to be a drag on the Eurozone...
Despite two wars and recent fears of potential AI bubbles, 2025 is set to be a more than positive year for international stock markets, which have posted significant gains since the beginning of the year. Here are the rankings (European and international).
Following the alarm raised by municipalities and regions, the 2026 budget is now being heard by the Bank of Italy, Istat, and the UPB. The Court of Auditors says the short-term rental rule "risks increasing undeclared work."
The school contract covering 1.286 million employees has been signed. Average raises of €150 per month for 13 months. The FLC-CGIL union has not signed.
ECONOMIC HANDS FOR OCTOBER 2025 – France is too big to fail, but how much will it hurt the Eurozone? Will the ECB factor the French crisis into its late-October decisions? What's happening to the US economy after the shutdown?
Following the cancellation of the Pitesai project, the race for domestic gas reignites: 24 new applications to reopen onshore and offshore wells. Eni and other operators aim to boost Italian production and energy security.
ECONOMIC HANDS FOR SEPTEMBER 2025 – How worrying are the US labor market slumps? Will the French crisis affect the entire Eurozone? And how will the ECB react? The Fed will lower its key interest rates – but by how much and for how long?
A fiery autumn for the economy amid shaky US employment, the French crisis, inflation, tariffs, and moves by the ECB and the Fed. Tomorrow on FIRSTonline, Galimberti and Paolazzi's economics columns analyze these scenarios and structural trends, from AI to European rearmament.
A system that combines art management and finance, allowing collectors, galleries, and investors to treat artworks as true assets. The idea is to move beyond the mere notion of art as a passion or a collectible, introducing typical financial tools: diversification, valuation, etc.
ECONOMIC HANDS FOR JULY 2025 – Is the dollar's weakness cyclical or structural? Will Trump's latest "penultimatums" on tariffs really bite? And what disruptions will tariffs bring to supply chains? The American labor market is…
At the ABI meeting, Patuelli warned: "Defuse tariffs or there will be a recession." Panetta: "We need a European bond; now Europe can lead." Giorgetti: "Banks must go back to being banks."
According to Alessandro Fugnoli, strategist at Kairos Partners, the dollar smile theory explains how the currency is strong during crises or when the US economy is growing faster than the rest of the world, and tends to weaken during periods of slowdown.
ECONOMIC HANDS FOR JUNE 2025 – Will the Italian economy stumble over tariffs? What structural factors are working in Italy’s favor? Will the PNRR push continue? Will the U.S. economy be damaged by anti-deportation riots? Will tariff negotiations lead to…
The deadline for paying the IMU advance payment expires on Monday 16 June 2025: here's what's changing this year, who has to pay, who is exempt and what the expected benefits are
THE HANDS OF THE ECONOMY OF MAY 2025 – How much will global growth slow down? And why is the American economy slowing more than others? What weapons does China have to counter those duties that double (and more) the cost of their exports? What…
Piazza Affari is the queen of the European stock exchange thanks to the bank-insurance risk that is pushing up the sector's stocks. Wall Street is volatile. The Euro is increasingly strong against the dollar
ECONOMIC HANDS FOR APRIL 2025 – Is global growth going to slow down sharply? Who will suffer the most between the US, China and Europe? What degrees of freedom do economic policies have to counteract the wound inflicted by tariffs? What are…
ECONOMIC HANDS FOR MARCH 2025 – Fear and uncertainty undermine the American economy: will it lead to recession? Is the trade war similar to the one in the XNUMXs? Are the risks for the European economy to the downside or upside? Deflation…
The ECB's further 0,25% cut in interest rates will have an impact on consumers' pockets that could mean - depending on the type and duration of the home loan - up to…
Due to a postponement necessary to update the procedures, the exclusion of government bonds from the calculation of the ISEE 2025 will be effective only in April, instead of March. However, some doubts remain to be clarified
Epicenter and the Bruno Leone Institute have launched a program for the European single market that follows the Draghi Report. Profound changes are needed to relaunch growth while dealing with the demographic crisis
The Council of Ministers approves the bill decree: 3 billion euros to contain the high cost of energy. The social bonus is extended up to 25 thousand euros of ISEE. Also approved is the bill on sustainable nuclear power
Hydrocarbon production up 3% compared to 2023 thanks to the start of organic projects and the integration of Neptune. A Memorandum of Understanding signed with the Indonesian company Petronas for LNG in Southeast Asia
Legislative measures do not immediately produce the effects for which they are passed and to the extent expected. Frequent monitoring by the competent, authoritative and impartial institutional bodies is necessary. This is why politicians and trade unionists should read the Upb analysis on the law…
The Eurozone economy begins 2025 with stagnation and industrial difficulties. Germany and Italy are struggling, while energy costs and trade tensions worsen the situation. Analysis by Ref Ricerche
The referendums promoted by Landini will be held between April 15 and June 15, but without the impetus of the consultation on differentiated autonomy, it will be very difficult to reach the quorum and the Cgil risks repeating its defeat on the sliding scale…
Sanremo 2025 has arrived. The festival is not just music, but a money machine with a huge economic impact. Here are all the numbers of a festival that is aiming for a new record in audience ratings and takings
2025 brings increases for everyone with the adjustment of the Single Allowance to inflation, rewarding in particular large families and those with young children. To receive the correct amount, it is essential to update the ISEE by June 30
Almost fifty years have passed since that fateful 1977 that marked a turning point in the history of Italy with the rise of the Red Brigades and the assassination of many innocent citizens such as the journalist Carlo Casalegno and others. A year that lives again in the book…
Paolo Baratta, architect of the relaunch of the Venice Biennale, recounts in his book his experience at Svimez and the crucial role in the development of the Mezzogiorno. A journey through culture, economics and politics
A similar model had also been followed by Spain. Brussels still has to give its approval. In the meantime, it has let Italy know that the mechanism could be limited to a few interventions and not to the entire PNRR
According to the latest report by Ref Ricerche, the European economy continues to slow down with a forecast growth of 1% in 2025, and Italy, despite reducing the deficit to 3%, is struggling to take off. Meanwhile, at a global level, Trump could change the rules of the game,…
ECONOMIC TIMETABLES FOR DECEMBER 2024 – What are the features of the uncertainty of 2025? What could derail the American economy? Will the desirable peace (in Ukraine and the Middle East) bring benefits to the European economy?
The new Consob consultation will end on January 15, in time for the 2025 meetings. Generali will lead the way. EU lighthouse on shareholders' rights: an infringement procedure could be launched against Italy
ECONOMIC TIMETABLES FOR NOVEMBER 2024 – What impact will Trump’s return have on the American economy? Why is the Eurozone economy not recovering? What effect will Trump’s tariffs have? Will the Chinese government’s support measures be sufficient for recovery?…
ECONOMIC TIME TABLES FOR OCTOBER 2024 – What issues are coming to a head for the German economy? What factors are supporting growth in the United States? Will China still be the world’s locomotive? Geopolitical tensions – Ukraine, the Middle…
ECONOMIC HANDS SEPTEMBER 2024 – Why won’t there be a recession in America? Why did the correction in stock markets last so little? Where does the stagnation of the German economy come from? Is pessimism about China justified? Will key interest rates fall…
THE CLOCKS OF THE ECONOMY OF JULY 2024 – Why can we exclude a recession? Can we expect a correction in the stock markets? What was the role of the 'Magnificent Seven' in Wall Street prices? Why did the stock markets rise both in…
Twentieth episode of Guide to Finance created for FIRSTonline by Ref Ricerche with the collaboration of Allianz Bank Financial Advisors: a journey into the world of hedge funds in the light of interest rates and the evolution of indexing in the modern stock market illustrated…
THE CANCELS OF THE ECONOMY OF MAY 2024 – Why has inflation stopped falling? And why will it come down? Are labor costs a threat to prices? Services are, for once, the engine of the economy: will manufacturing follow suit? There…
Biden has said he will halt American arms shipments to Israel if Netanyahu orders a large-scale invasion of Rafah. The reply: "Hamas loves Biden". Cameron's request to NATO countries on defense spending
THE CLOCKS OF THE ECONOMY OF APRIL 2024 – Manufacturing has emerged from torpor: what are the reasons? The signs of recovery are unanimous throughout the world: should we review the forecasts upwards? Why do the markets give more confidence to Italy? What are the…
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"
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 CANCELS OF THE ECONOMY OF FEBRUARY 2024 – The Red Sea risks widening conflicts: does it also pose risks for inflation? Why hasn't the rise in rates slowed down economies too much? How will the ECB react to Eurozone weakness and…
THE CLOCKS OF THE ECONOMY OF JANUARY 2024 – What are the geopolitical risks that threaten a year of modest growth? What factors will anticipate or delay the decline in rates? Is the soft landing of the American economy confirmed? What is behind the stability of employment and…
THE CLOCKS OF THE ECONOMY OF DECEMBER 2023 – What are the markets' reasons and the central banks' reasons for the decline in rates? Is the US economy headed for a soft landing? What weapons does China have to support the economy? Why the…
According to the American rating agency "low consumer demand and price pressure have damaged Electrolux", even if the Swedish company "boasts records in high-efficiency appliances" - Here's who comes forward
THE CANCELS OF THE ECONOMY OF NOVEMBER 2023 – What are the reasons for the discrepancy between a weak economy and strong employment? “High rates and for longer”: why was the markets' new mantra short-lived? What are the reasons…
Forty years after the defeat of air traffic controllers under Reagan, the new contracts mark a change of pace in the US world of work favored by a healthy economy
The research results were released during the VIII annual GLT Foundation event. The first European platform on financial inclusion to prevent economic violence was also presented
THE CANCELS OF THE ECONOMY OF OCTOBER 2023 – What effects will the Hamas attack on Israel and the Israeli reaction have on the economy? Is this another 'black swan'? “High rates and for a longer time” is the new mantra of the markets: is it justified?…
The Maneuver Package will arrive in the Council of Ministers on Monday. The government is thinking about tweaking the succession, so far a bogeyman of the centre-right - Here are all the measures and deadlines in sight
THE CLOCKS OF THE ECONOMY OF SEPTEMBER 2023 – Are China's difficulties in restarting long-lasting and a symptom of a real crisis? How much will they be able to influence the rest of the world? In the USA, solid growth will hold even when the 'treasure' of savings...
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…
It will be possible to apply from 1 September and it is up to people between 18 and 59 who can demonstrate that they have taken steps to find a job. Here's everything you need to know
THE HANDS OF THE ECONOMY OF JULY 2023 – In Italy and in the world, the 'engine room' of the economy, in this anomalous cycle, are services: why is industry in recession and how will it be able to support its activity again? How much ammunition does the government have…
For the Kairos strategist, the third quarter of 2023 will offer good opportunities to lighten positions and make portfolios more defensive. 2024, on the other hand, will be a year of cyclical recovery
The hands of the economy in June 2023 - The Italian economy is growing more - or slowing down less - than in the Eurozone: what factors explain this performance? And what other stumbling blocks lie in wait for the world economy? Why China's Rebound Not…
The work in the Senate committee continues with a session full of surprises. The text is expected in the Chamber at Palazzo Madama between Tuesday 13 and Wednesday 14 June
The Hands of the economy of May 2023 - What basic factors explain the resilience of the economies (and in particular of the Italian one)? How troubling are the woes of American banks? Has inflation reached its tipping point? The Federal Reserve…
Starting today, 11 May, it is possible to send - with or without modifications - the 730 form or the income form. Here's how to edit, send and, if necessary, cancel the pre-compiled form
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…
Why is the economic recovery taking off despite the rate hike? Is it conjunctural or structural? And is inflation coming down or not? All the answers on Saturday 15th on FIRSTonline in the column of Fabrizio Galimberti and Luca Paolazzi
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…
If only budgets mattered, Leonardo's CEO, Alessandro Profumo, would deserve reconfirmation at the helm of the aerospace and defense group - Profits, orders, revenues, ebitda on the rise
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?…
THE HANDS OF THE ECONOMY FOR JANUARY 2023 - The economy is not worse than expected: will the recession be avoided? China bets on reopening: will it be disappointed? The markets expect milder advice from central banks: will they be denied? Because it improves the spread…
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 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 withdrawal from Kherson marks an important turning point in the war. But Ukraine fears it is a way to buy time and reorganize the troops, in view of a future counter-offensive. The Kremlin has moved 150.000 men to the border with the…
THE HANDS OF THE ECONOMY OF OCTOBER 2022 - What is behind the high volatility of the markets? The recession is coming, but how long will it last? Are there any signs that monetary policy will ease up? What spaces do budgetary policies have for…
Those who have already requested the voucher in September can also apply in October and so on until December - Here's how the transport bonus works and how to request it
THE HANDS OF THE ECONOMY OF SEPTEMBER 2022 - Are the difficulties of reading the economy dissipating? Yes, in the sense that the recession really comes. Can it be mitigated? With what policies? How serious is the gas problem? The (relative) weakness of…
According to the Bulletin of the Excelsior information system of Unioncamere and Anpal, construction contracts continue to increase - Industry is bad, services are holding up
THE HANDS OF THE ECONOMY OF AUGUST 2022 - The data - quantitative and qualitative - smell of recession, both in America and in Europe. Why, then, do markets not fret so much? Perhaps because they think that the weakness of the economy…
Demand for homes is holding, prices are "stable" but mortgages are more expensive and difficult to obtain: two analyzes by Bank of Italy explain what is happening
THE HANDS OF THE ECONOMY OF JULY 2022 - The United States is close to recession and Europe? The Fed goes straight and wants to kill inflation. But will the struggling economy do the Fed's job? Will the dollar über alles continue? The Russian gold embargo…
“The ECB will raise rates without causing the economy to fall, but it is unlikely that it will find a solution for spreads. The State must do a lot, but not invade the space of private individuals".
