The week of share markets he closed up to the European and Asian bags, while the Dow Jones and the American Nasdaq They still showed discounts (S&P 500 little moved). Today most of the global price lists did not exchange for Good Friday, while on Monday 21 April (Easter Monday) the European markets will remain closed (as well as the Hong Kong and Australian stock exchange), while the markets of Tokyo, Singapore, United States and Canada will be open.
The last session
Thursday sI recorded a closure contrasted for Wall Street as part of a session marked still with caution waiting for new developments on the commercial policies front, with the Presidentand Donald Trump CHowever, he announced that he was confident about an agreement with the European Union after conducting profitable interviews also with Japanese representatives.
To weigh on the sentiment The recent declarations of the President of the Fed are also added to a more cautious attitude on the path reduction of the rates due to greater concern for the impact of the influence risks on the macroeconomic scenario. Trump launched a series of attacks against Powell, accusing him of “doing politics” by not cutting the interest rates and stating that he looks forward to the day on which Powell would be gone.
Europe has closed iN Rosso The Thursday session, although the European Central Bank has announced a new rates of 25 basis points, and bringing the rate on deposits to 2.25% with effect from 23 April. With the deterioration of the scenario, this summer Frankfurt will find themselves discussing the option of cutting rates below 2%, as the markets now discount. Goldman Sachs provides that the ECB will cut the rates of 25 basis points in each of the meetings in June, July and September.
Banking Risiko
During the week, steps came forward in the Risiko Italian banking. On Thursday, the MPS shareholders’ meeting approved the capital increase at the service of the OPS on Mediobanca, with the favorable vote of 86.48% of those present, which corresponds to 73.6% of the total capital. In the social team, the Caltagirone group was consolidated, who climbed 9.96%, second shareholder behind the MEF (Ministry of Finance) with 11.7%and in front of Delfin (9.86%). The Lovaglio reiterated that Mediobanca is the ideal partner to create the third national credit operator.
On Friday the members of Bper They voted in favor of the delegation for the capital increase at the service of the OPS on Banca Popolare di Sondrio with over 99.9% of “yes” of those present (equal to 62.1% of the capital). “We are grateful to our shareholders for the constant confidence and continuous support and for the support for the important strategic project linked to the public exchange offer on Banca Popolare di Sondrio,” said the CEO Gianni Franco Papa.
Next week
In addition to the publication of New macroeconomic data And at the continuation of the quarterly season, next week he will look at the meeting of the Chinese Popular Banca, who should keep his key interest rates unchanged for the sixth consecutive month. The primary rate on loans to one year (LPR), a reference parameter for loans to businesses and families, will probably remain at 3.1%, while the five -year LPR, a reference parameter for mortgage mortgages, will probably remain at 3.6%.
In addition, starting from Monday, the spring meetings of the 2025 of the IMF and the World Bank. The meetings will bring together central bankers, finance ministers, managers of the private sector and academic to discuss the state of the global economy and issues of international interest. The debate will certainly focus on the large branches of commercial tensions after the “Liberation Day” of the President of the United States Donald Trump, With tensions on the duties that will have an impact on global monetary policies.
