Tag Archive: Italian bank index

FX Daily, August 10: FX Consolidation Resolved in Favor of Weaker US Dollar

European bourses are mixed, and this is leaving the Dow Jones Stoxx 600 practically unchanged in late-European morning turnover. Financials are the strongest sector (+0.4%), and within it, the insurance sector is leading with a 0.8% advance and banks are up 0.4%. The FTSE's Italian bank index is up 1.4% to extend its recovery into a fifth session.

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FX Daily, July 18: Coup in Turkey Repulsed, Risk-Appetites Return

The US dollar and the yen are trading heavy, while risk assets, including emerging markets, and the Turkish lira, have jumped. Sterling is the strongest of the majors. It is up about 0.5% (~$1.6365), helped by the opportunity of GBP23.4 bln foreign direct investment and comments from a hawkish member of the MPC suggesting not everyone is onboard necessarily for a rate cut next month.

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Why You Should Understand What is Happening with Italian Banks

Italian banks shares have staged an impressive bounce over the past four sessions from beaten down levels. How Italy's banking crisis is resolved will shape the way the EC responds to banking resolution going forward. As you might expect, there is a German and French interpretation.

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Great Graphic: More Thoughts on Banks

Italian banks have done worse that European banks. Italian banks outperformed Germany banks from end of H1 12 through H1 15. US banks and financials more broadly have outperformed Europe.

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