Google Makes a Discount for Traders
When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
European stocks jump after Italian bank bailout
On Monday, European equities leapt because Italy announced that it would pay €17 billion in taxpayers’ money for the purpose of bailing out two of its regional banks.
The Euro Stoxx 50 surged 0.91%, Germany’s DAX 30 gained 0.71% and France’s CAC 40 added 1.04%.
On Sunday, the Italian government announced its intention to wind down Banca Popolare di Vicenza along with Veneto Banca.
As part of this deal, the country’s largest retail bank Intesa Sanpaolo is bound to get the good assets from both lenders as well as €4.8 billion from the government just to sustain its capital ratio.
Aside from that, Rome will ensure state guarantees for the nonperforming loans, which could reach €12 billion.
Meanwhile, Italian bank stocks climbed up on the back of the news with UBI Banca, Intesa, UniCredit, Mediobanca, Banca Pop Emilia Romagna as well as Banco Bpm all surged more than 2% on Monday.
In London, the FTSE 100 inched up 0.55%.
Similar
What will move the market on October 18-22?
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
What to expect from Microsoft event?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
Latest news
What Currency Will Overperform?
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
Investor Positivity May Fade After Powell's Speech and CPI Release
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
What Can Rule the Roost in January 2023?
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
