The ECB pushes Piazza Affari for only half an hour and when Wall Street arrives, the music changes.
Real estate exchanges today. Partly because they awaited the decisions of the ECB. A bit ‘because the operators after yesterday’s rise, remained at the window to understand if it was true rise. In reality, the only lighthouse guiding the markets for now is another.
Unfortunately, the ECB only pushes Piazza Affari for half an hour and when Wall Street arrives, the music changes. Let’s see what happened today, thanks to the analysis of the ProiezionidiBorsa Studies Office.
The ECB pushes Piazza Affari for only half an hour and when Wall Street arrives, the music changes
Another double-sided session for the European markets. After a cautious opening, the stock markets began to rise, betting on important news from the ECB President’s press conference. And the positive news has arrived. Christine Lagarde announced a third quarter of strong growth for the European economy.
The statement threw the turbo on the stock exchanges, in particular on Piazza Affari, which started to surge from 15:00. The prices of the Ftse Mib index (INDEX:FTSEMIB), have reached a step from the threshold of 20 thousand points. But shortly after 3:30 pm they started the descent. Because? Because after the opening, the American stock market started to go down and the European stock exchanges did the same.
Wall Street continues to be the beacon of the stock exchanges.
Banking highlights with BPM flying
In the last two hours of trading, Piazza Affari has completely taken back the gains made in the first part of the day. At some point the index also went negative. At the end of the session it closed at 19,820 points, a slight gain of 0.2%.
But today was the session of the bankers. Banco BPM literally flew by, gaining over 7%. Mediobanca rose by 4%, Unicredit by 1.2%.
In particular, Banco BPM shot upwards, closing on highs at € 1.50. It has been since July that prices have not risen that high. And now I am one step away from the high of July 21, at 1.56 euros. Exceeding this level could pave the way for a new bullish phase. On the other hand, a return below the threshold of 1.45 euros will bring prices back towards 1.40 euros.
Deepening
To know the multidays analysis and the point of view of the international markets of the ProiezionidiBorsa Study Office, click who.
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