Daily News | Italian banks doing well

Here we are dear readers, ending to another exciting week of global binary options trading! We have seen plenty of great opportunities out there over the last four days and today is no different! This Friday, we decided to focus on the euro. From Wednesday to Thursday, the currency fell from $1.08726 to $1.08697. Trading was lackluster in general yesterday, but the shining beacon of hope for European economies were Italian banks. Unicredit’s turnaround seems to be gaining steam, with the bank gaining up to 4.4%, after rising revenues and lower loan losses. In fact, the Italian banking index was at its highest levels in over a year. The STOXX 600 indicator slipped 0.1%, with blue-chip indices falling 0.2%. We will continue to monitor Europe in the future, but let us now turn to the US dollar. In the same period, the currency rose from €0.9197 to €0.9199. Although Wall Street managed to cut down its losses yesterday, it was still one of the biggest one-day falls in nearly a month. This largely had to do with declines in retail and bank shares. Macy’s dismal quarterly report was one of the main reasons it sent its share falling 13%. We shall continue monitoring this in the weeks to come, so stick with us!

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Author: Max Rothstein
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