What is increasingly clear is that the Spanish and Italian banks major maintenance to earn and there almost should be with these repairs. In my opinion, you can because prevention is better than cure. Today open the European markets once again higher on the new trading day. The AEX will be over 460 points open and seems to be out of its sideways trend channel to break.
News of the day:
Monte dei Paschi was forced to lay off thousands of jobs. The ailing Italian bank deletes 2600 jobs and close five hundred branches. Below to learn more about the oldest bank in the world.
Monte Paschi
the Following figures give a number of remarkable and disturbing things. The Market cap of this company is in spite of the increase of more than 100 percent still is "only" 1 billion euros, less than 10 percent is on the balance sheet. The revenue is entirely in Italy earned and is therefore very dependent on the development of the Italian economy. The fact that the bank for almost 90 per cent of retail customers makes therefore little solid basis. So it seems that here, more speculation takes place that there is actually a fundamental shift to be seen. At the end of november, the shareholders will come together on a possible capital increase of 5 billion euro.
I know, on the edge of the abyss to grow the most beautiful flowers, however, with this "fallen angel" I would be very reluctant.
Silver and Gold run on the daggrafieken
Last week I gave still has upside opportunities for the precious metals despite the sharp rise of the dollar. Now the inflation here and there, very carefully, her head rears, this seems to be a catalyst for higher commodity prices. Technically gold and silver this time the bottom of the triangle survives, and are looking to the top of the following channels. Gold has as first goal to 1300 dollars, the 50 day average. For silver this is around the 18,70 dollar.
Gold
Silver
Watchlist:
fti: 461,50
eurusd: 1,0880
sti: 50,50
brent: 51,40
gold: 1266
silver: 17,66
the CSI300: 3362
VIX: 13
News:
‘Acquisition of Syngenta until the beginning of 2017 around’
revenue Growth Randstad attracts
drop in profits for Novartis
Wessanen more positive about revenue growth in 2016
Parvus is a bit smaller in ABN AMRO
“Julius Baer and DBS consider purchase branch ABN’
Spending shoppers drive profit Visa
Wall Street green despite AT&T and Time Warner
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