[ad_1]
Meanwhile, Unicredit has completed the transfer of pledged loans in Italy to Dorotheum auction house. According to the same agreements, according to a note, Unicredit will continue to provide the policy renewal service in its branches. The transaction in the third quarter will have a positive impact of more than 100 million euros on the consolidated income statement and nearly 4 basis points on the group Ce1 ratio.
The euro opens the week on the European money markets. The single currency stepped up against the greenback at $ 1,144 (it had finished trading on Friday at $ 1,688) and it's reversed in the exchange rate with the yen at 128.9. Meanwhile, the dollar rally continues. The Wsj Dollar Index, which compares the greenback with sixteen other currencies, gained 5.1% between April and June and is now approaching this year's highs. Behind the US currency, there are market expectations, investors waiting for the Federal Reserve to accelerate the tightening of monetary policy and raise interest rates in response to a solid expansion of the US dollar. US economy.
With regard to government securities, the 10-year Treasury yield was 2.47% Friday vs. 2.84% Thursday. The cost of financing 10-year US government bonds closed the second quarter up (it was 2.741% at the end of March). According to Fed futures, the probability that the Fed will raise interest rates twice a year this year is 46%.
Source link
