1.0Vito Ammiratihttps://www.vitoammirati.com/en/adminhttps://www.vitoammirati.com/en/author/admin/rich600338<blockquote class="wp-embedded-content" data-secret="gTrv4iqPif"><a href="https://www.vitoammirati.com/en/financial-report-november-2014/">Financial Report – November 2014</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.vitoammirati.com/en/financial-report-november-2014/embed/#?secret=gTrv4iqPif" width="600" height="338" title="“Financial Report – November 2014” — Vito Ammirati" data-secret="gTrv4iqPif" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://www.vitoammirati.com/wp-includes/js/wp-embed.min.js /* ]]> */ </script>   SUMMARY OF THE MACROECONOMIC INFORMATION The macroeconomic scenario Bounce US growth, stalled the European The data for the second quarter confirmed a recovery in the US economy while Europe is characterized by data on average worse than expected, nevertheless does Fed lowered its forecast for US growth, while the BC and start the program for the purchase of securities ABS and covered bonds. The stock market Back volatility due to macroeconomic data After a steep descent between late July and early August, and an equally steep recovery in August and September, the main international indices will move it away from the peak period in the wake of European and Chinese macroeconomic data day lower than expected. The stock is still supported by the huge liquidity that serves as the driving force and enables recovery whenever there are new openings positive The bond market Still space for a reduction in the spread Despite the rally recorded in the current year to date, we believe there are still some factors that can withstand a further narrowing of the peripheral spread. Good performance year to date for the bonds body, thanks to the abundant liquidity in circulation in the markets. Currencies A […]