1.0Vito Ammiratihttps://www.vitoammirati.com/en/adminhttps://www.vitoammirati.com/en/author/admin/rich600338<blockquote class="wp-embedded-content" data-secret="knpNxzWg9V"><a href="https://www.vitoammirati.com/en/financial-report-october-2014/">Financial Report – October 2014</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.vitoammirati.com/en/financial-report-october-2014/embed/#?secret=knpNxzWg9V" width="600" height="338" title="“Financial Report – October 2014” — Vito Ammirati" data-secret="knpNxzWg9V" 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 Continued divergence between the United States and Europe The string of data spread in recent weeks confirms that the critical stage for the economy in the euro area, even for the countries deemed most solids such as Germany. The American data, however, confirm the solid when the economy is experiencing a phase antithetical to that of Europe. The stock market, the ECB raised the bags The decision of the ECB to reduce interest rates and, ultimately, to inject liquidity in the markets, says equity markets, despite the disappointing economic data in Europe. The prospects are still favorable at the moment, despite volatility to remain high, accomplices geopolitical risks and the weakness of the European economic cycle. Bond Market Long-term rates down, except the German decision to cut interest rates by the ECB has resulted in a decline in rates of return on European government bonds on short maturities, but longer maturities German bonds marked a rise, on wake of expectations of recovery. The spread BTP Bund is near new lows since 2011. Currencies The ECB intervenes and weakens the euro after the ECB decision the euro / dollar fell quickly under 130, strengthening even further […]