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15/10/2019 - The Italian ETF market continues to grind records. In the third quarter of 2019, the AuM reached the record of 81.14 billion euros with an increase of 16.71% compared to September 2018.
15/10/2019 - The Zew index on the confidence of the German economy slows down in October but less than feared. The decline is 22.8 points for the general indicator, for which the consensus was of a fall of 27 points, and of 25.3 points for that on the current conditions, for which the expectations were of a correction of 26 points.
15/10/2019 - The Italian public debt decreased in August to 2,462.6 billion euros, down by 3.3 billion compared to the previous month. This is what emerges from the latest data from the Bank of Italy.
08/10/2019 - In September, European ETFs achieved the best month ever, totaling a collection of 17.3 billion euros. Thanks above all to the shareholder funds (+ € 11.1 billion).
08/10/2019 - Liquidity, which seems to be scarce in the American interbank market, does not concern the ECB. Yesterday, the Frankfurt Supervision published the results of a stress test on liquidity for 103 large banks in the Eurozone. The outcome was judged "substantially positive".
08/10/2019 - At the Senate hearing, the deputy general manager of Bankitalia, Signorini, said that on the basis of the information available, in the quarter just ended, the GDP remained almost stationary. Furthermore, growth for next year may be slightly lower than expected, which was +0.8%.
04/10/2019 - At the end of August, the data collected by Assoreti indicate positive net inflows for the networks of financial consultants authorized to offer off-site services, amounting to 2.7 billion euro. This is less in comparison to the previous month (-10.5%).
04/10/2019 - The Italian economy is stagnant and in perspective the risks, even for the euro area, are represented by the global war on duties, according to the deputy director of the Bank of Italy, Alessandra Perrazzelli. The government and the Bank of Italy estimate for this year a GDP growth of 0.1 in Italy.
04/10/2019 - The Brexit Steering Group of the European Parliament does not believe that the proposals of the United Kingdom, in their current form, represent the basis for an agreement to which Parliament can give its consent. The risk of Brexit without agreement is approaching.
02/10/2019 - The mutual funds in August reversed course and brought the segment back into positive territory. With a collection of 4 billion, the collective management (open and closed funds) buffered the losses of those in the portfolio (-304 million), closing the monthly accounts of industry with a 3.8 billion surplus.
02/10/2019 - For the first time since February 2016, the European ETF sector suffers a setback. According to Refinitiv data, between July and August a drop of 15.9 billion euros was recorderd.
02/10/2019 - The downturns in Germany, Italy and Spain weigh on the Markit Pmi index of the Eurozone manufacturing which measures the responses of the companies' purchasing managers. In September it fell to 45.7 from 47 in August, thus reaching its lowest level since October 2012.
27/09/2019 - The 5 Star-PD government is already working to change the Pir legislation in the next Budget law. The financial budget law could also include a "review" of the Eltif, European long-term closed-end funds that will be able to count on a 26% tax exemption on capital income from next year.
27/09/2019 - The asset management industry is recovering in August, with net inflows of € 3.8 billion, an increase of € 57 billion since the beginning of the year. This was announced by Assogestioni, which underlines the new historical maximum for total assets which, due to the combined effect of flows and management, reaches a level of 2,259 billion.
27/09/2019 - The S&P agency estimates for Italy a GDP growth of 0.1% for 2019. In a report dedicated to the prospects of Eurozone, S&P expects a growth for Italy of 0.4% in 2020 and 0,6% in 2021. For 2022 a growth of 0.7% is expected.
25/09/2019 - In 2018 GDP growth in volume was 0.8%, with a downward revision of 0.1 percentage points compared to the estimate released in April, which gave the Gross Domestic Product up by 0.9%. The Istat notes this.
25/09/2019 - The prolonged suspension of the British Parliament decided by Boris Johnson is "illegal, null and void". This was established by the Supreme Court in the harsh verdict read by President Brenda Hale.
25/09/2019 - The Federal Reserve has stepped up its campaign with liquidity injections to restore stability to the money markets. Not enough: the Fed, to try to exorcise further tensions, has explicitly committed itself to continuous daily operations through the New York office at least until October 10th.
20/09/2019 - The Federal Reserve cut interest rates by 25 basis points. This is the second time this year. The decision was taken due to the growing risks and uncertainties arising from commercial tensions and a slowdown in the global economy.
20/09/2019 - Foreign investors made large purchases of Italian portfolio securities in July, 30.1 billion, of which 19.1 involved public securities. This was announced by the Bank of Italy in the balance of payments data.