DIRS.INFO The most relevant business & tech news

That has left Italian equities overall more cheaply valued than even battered UK shares (.dMIGB00000PUS), which are trading at a 33% discount to global peers. Goldman Sachs estimates that each 10 bps rise in sovereign spreads takes around 2% off Italian bank shares and 1.5% off the FTSE MIB index. Conflict in Ukraine and in the Middle East meanwhile threaten to spark a fresh surge in energy prices and weaken growth. UniCredit shares are up almost 80% this year and among the best performing euro zone banking shares. Fidelity International portfolio manager Alberto Chiandetti, said he was chasing opportunities in battered industrials and consumer sectors in the FTSE Italia Star index.

Persons: Claudia Greco, Chris Hiorns, Fitch, Goldman Sachs, Giuseppe Sersale, Andrea Scauri, Lemanik, Scauri, LSEG, Alberto Chiandetti, Joice Alves, Danilo Masoni, Dhara Ranasinghe, Toby Chopra Organizations: REUTERS, Companies, LONDON, Barclays, European Commission, FTSE Italia Star, Anthilia, Banco, Fidelity International, FTSE, Thomson Locations: Milan, Silicon, Italy, Companies Italy, MILAN, Germany, Ukraine, iShares, Europe, dei, London

☆ Stocks dip as growth fears offset China COVID shift
▼ + stars: | 2022-12-07 | by ( Danilo Masoni | ) www.reuters.com time to read: +5 min

"Now, concerns over economic growth seem to be overtaking those over inflation," he added. The darkening economic outlook initially drove safe-haven demand for the U.S. dollar and longer-dated bonds but these moves partially reversed by early afternoon in Europe. In foreign exchange markets, the U.S. dollar reversed initial gains, as traders weighed up an uncertain economic outlook. The U.S. dollar index fell 0.35% to 105.18 after hitting earlier in the session a near one-week high, trending closer to the June 2022 low of 104.10 hit on Monday. The Canadian dollar was steady at 1.365 per dollar ahead of an expected rate hike from the Bank of Canada later on Wednesday.

"Now, concerns over economic growth seem to be overtaking those over inflation," he added. The darkening economic outlook drove fresh safe-haven demand for the U.S. dollar on Wednesday and longer-dated bonds extended their gains, while oil eased after a sharp fall on Tuesday. The Australian dollar was broadly steady at $0.669 despite Australian third-quarter growth coming in a bit below forecasts. The Canadian dollar was at 1.3675 per dollar ahead of an expected rate hike from the Bank of Canada later on Wednesday. The U.S. dollar index rose 0.1% to 105.6, further above the June 2022 low of 104.1 hit on Monday.

☆ Market reaction to Italy election
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +3 min

Leader of Brothers of Italy Giorgia Meloni reacts at the party's election night headquarters, in Rome, Italy September 26, 2022. read moreFollowing is some of the initial reaction from market observers:LUCA CAZZULANI, HEAD OF STRATEGY RESEARCH; LOREDANA MARIA FEDERICO, CHIEF ITALIAN ECONOMIST, UNICREDIT"We expect a rather muted market reaction in terms of BTPs credit spread in the short term, as the election outcome was broadly in line with expectations. Some short covering is possible given investors entered the election moderately short BTPs and as the risk scenario of a landslide victory by the right is priced out. "The market knew this was how it was going to end and will remain focused at this stage on economic growth, monetary policy tightening and public finances, which remain a slippery slope for Italy." Register now for FREE unlimited access to Reuters.com RegisterReporting by Italy bureau and London Markets Team; Compiled by Agnieszka FlakOur Standards: The Thomson Reuters Trust Principles.

☆ Sterling collapses as investors fly into dollars
▼ + stars: | 2022-09-26 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

British Pound Sterling and U.S. Dollar notes are seen in this June 22, 2017 illustration photo. Register now for FREE unlimited access to Reuters.com Register"You've got to buy the dollar as a risk off-trade. In stocks, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 1% to a two-year low. Treasuries tanked as well last week, with two-year yields up 35 bps to 4.2140% and benchmark 10-year yields up 25 bps to 3.6970%. Gold hit a more-than two-year low on Friday and bought $1,643 an ounce on Monday.

☆ Market reaction to Italy election outcome
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +6 min

Leader of Brothers of Italy Giorgia Meloni reacts at the party's election night headquarters, in Rome, Italy September 26, 2022. It last traded at 234 basis points. "Today's upward movement is a continuation of the market reaction seen on Friday after Britain's mini-budget and sounds like a warning to the eurozone countries as well." LUCA CAZZULANI, HEAD OF STRATEGY RESEARCH; LOREDANA MARIA FEDERICO, CHIEF ITALIAN ECONOMIST, UNICREDIT"We expect a rather muted market reaction in terms of BTPs credit spread in the short term, as the election outcome was broadly in line with expectations." We continue to expect the 10-year BTP-Bund spread to trade close to 250 basis points until year end."

☆ Dollar stands alone as rate hikes rattle stocks
▼ + stars: | 2022-09-25 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

S&P 500 futures were flat after an initial wobble lower. The dollar made new highs on sterling, the euro and the Aussie in thin morning trade. Last week, stocks and bonds crumbled after the United States and half a dozen other countries raised rates and projected pain ahead. Register now for FREE unlimited access to Reuters.com RegisterThe Nasdaq (.IXIC) lost more than 5% for the second week running. Oil and gold steadied after drops against the rising dollar last week.

Search resuls for: "Anthilia"

7 mentions found