Il Swiss franc flies 15% against the euro after the decision of the Central Bank of Switzerland of remove the roof from the gearbox to 1,2 with the single European currency. Now 1,033 francs are enough to buy one euro, just a few hours ago 1,2 were needed. The Zurich Stock Exchange, on the other hand, collapses and leaves -11,7% on the field. The other price lists excluding Milan contrasted.
The decision, which suddenly fell on the markets committed to pricing the euro in view of the forthcoming Quantitative Easing, had mixed echoes on the stock markets. Shortly after noon at Milano the Ftse Mib index reports a rise of 0,32%, to 18.470. Contrast the other European markets: Paris -0,96% Frankfurt -0,44% Madrid -0,41% London -0,70%.
I alternate the trend of banks, while the first day of the conference on the European sector organized by UBS is underway. On the occasion Federico Ghizzoni he stated that it is not possible to provide a timeline on a possible transaction with Santander which has as its object the establishment of a joint venture in asset management with Pioneer. Unicredit is stuck on parity. Understanding + 0,9% MontePaschi -0,21%. The meeting of the top management with the Frankfurt Banking Supervision is underway. Where's Banca + 0,1% Banco Popolare it is unchanged.
Though oil is down again after last night's rebound. However, the oil stocks were positive: Eni + 1,3% Tenaris + 0,3% Saipem falls by 1,5%. Telecom Italy falls by 0,2%. Fiat Chrysler advances 0,6%, Finmeccanica + 0,5% StM +0,2%. in luxury, Yoox + 2,3%. Luxottica it rose by 0,7% to 47,6 euros, an all-time high.
