Markets in Europe: Italian Government to the rescue
Trading on the key stock exchanges in Europe are now in a neutral format. By the middle of the day synthesis Stoxx Europe 600 Index loses about 0.1%.
Approaching Christmas, and reduced activity in the markets. Focus - Italian banks. On Wednesday it was reported that the oldest Italian bank Banca Monte dei Paschi di Siena can deplete reserves of liquidity for 4 months, and the earlier period estimated at 11 months. It is not obvious that the program is to attract 5 billion euro bank successfully completed by the additional issue.
On the eve of Italy's parliament approved the government's request for an aid package for the banks. We must understand that in the event of loss of the project may be assigned not only to shareholders but also creditors (primarily holders of subordinated bonds). In this regard, there were rumors that the government may come Monte dei Paschi di Siena (-0,8%) for help. Reported edition Italian Daily IL Sole 24 Ore, and it fueled other Italian banks.
Calendar key European macroeconomic data today is almost empty.
In the afternoon, US statistics can affect the performance of the greenback: the third estimate of GDP for the third quarter, data on orders for durable goods, personal income and spending of Americans..
Schedule online DAX index
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