Vol 5 Chapter 26: There are six hundred and sixty six
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Rebirth of the Financial Overlord
- Flower skin
- 1425 characters
- 2021-01-30 04:33:00
MIBTEL, the abbreviation of the Milan Stock Exchange stock index, was established in 1967 and is managed by Standard & Poor's. It contains the 40 largest constituent stocks of the Milan Stock Exchange.
It is the earliest stock exchange in Italy and the largest stock exchange in Italy.
The stock index code is 9I0046, which is composed of a comprehensive weighted average index.
Now that Italian banks want to maintain the exchange rate of the lira, they must create all favorable factors to counter the market capital shock and capital outflow.
Capital is chasing profits. If you want to keep those capital that you want to leave, you can only get more income. With the current economic environment in Italy, only raising interest rates allows capital to see real benefits. However, raising interest rates will inevitably tighten currency circulation in the market, and capital flows into banks to obtain stable interest rates, and there is no need to purchase funds to promote stock prices. This is undoubtedly a substantial unfavorable factor for the securities market.
Moreover, if the Bank of Italy wants to maintain the exchange rate of the lira, it needs to constantly throw out its foreign exchange reserves to buy the lira on the market, and it is impossible to take care of the securities market anymore. Otherwise, to stabilize the stock market, the price will be even worse because of the expansion of supply.
It can be said that the Italian central bank has no choice at all. As one of the core member states of the European Community, it must choose to keep the price of the lira from falling below the lower track of the floating mechanism.
Then, the stock market can only be abandoned.
Snapped--
Shen Jiannan snapped his fingers and cast an approving look at Anna Seminovic.
"Anna. You are getting smarter and smarter."
Anna Semiovich is Yulia Sidorov’s assistant transferred from the Ministry of Finance. She has a hot body and a sweet look. Her fair complexion is even more fair with her golden hair.
Hearing Shen Jiannan complimenting her, she raised her head and threw a big wink, full of attractive taste.
"Sir. Is there a reward?"
gurgle
Shen Jiannan swallowed exaggeratedly, and his eyes slid around Seminovich.
"I have hundreds of millions of rewards always ready, but...I am worried that your lady will be hacked to death at night."
"It's really a guilty guy. But, you passed this time. I will tell the lady to let her put away the scissors at the head of the bed."
"God. You women are terrible."
"......"
After some teasing, Anna Seminovic returned to the seat in the trading area. When she sat down, the and hot enchanting girl suddenly turned into a frost-faced frozen goddess, which caused several other male members to continue. Secretly slander in my heart.
is also a man, how come the gap is so big.
"Boris. What is your look? Now, it's time to work."
"......"
Milan is the world's fashion and art center, and it is also a world historical and cultural city. At the same time, it is also one of the four major economic centers in Europe.
A large part of the reason why Italy can become the seventh economically developed country in the world in a certain period is because of the economic growth that Milan has made for this country.
This is the birthplace of world-famous brands such as Armani, Versace, PRADA, DOLCE&GABBANA, Valentino, MOSCHINO, etc. It is also the second largest city in Italy. The GDP of the entire metropolitan area even accounts for 5% of Italy's GDP.
The autumn sun is extremely mild. Standing on the periphery of the stock exchange, the sunlight penetrates through the glass curtain wall and shines on people, making one feel the comfort brought by warmth.
But warmth means heat and irritability. Looking at the super LCD screen hanging in the center of the trading area, Philip Inzaghi's heart is full of restlessness.
MIBTEL, 18680.56, -1.55%.
GruppoGenerali, -2.33%
Within a week, the MIBTEL index fell by 6%. Such a big drop would naturally not be easy for other constituent stocks.
Unfortunately, Philip Inzaghi bought GruppoGenerali a week ago, and it has fallen by 18% in the last week, which caused him to lose 10 million lire.
"It's a hell. How can I fall so much."
"Philip. I told you that you are not suitable for investment, you should play football with me. With your talent, I believe you can make more money."
"Carlo. You bastard, you taught me to buy stocks. Now, it's you who say I'm not suitable for investment. I am losing 10 million now, do you know? That's 10 million."
"I didn't know it would be so bad. Philip, give up, now go back to play with me, we can still make back the money we lost."
"No. It has fallen so much. It will definitely rise back. Wherever there is only one that does not rise, the government does not allow the stock market to fall forever. Those capitalists and families cannot let their wealth evaporate. "
"What do you want to do?"
"Lend me a hundred million."
"Do you want to increase inventory?"
"Yes. I want to increase the position, I don't believe this stock market will keep falling."
"Philip, I advise you not to do this. Gambling on dogs will not end well. Never."
"Carlo. Will you lend me money?"
"You are such an idiot. I bet you will lose your underwear."
"This is impossible. I have fallen so much, how can I rebound. I have never only opened the big, not the small..."
"Our Lady is here. This is the experience I have summed up in ten years."
"You lend me. If I lose, I promise to go back and play football with you."
"......"
Twenty minutes later, Philip Inzaghi walked back to the spot from the counter, and looked at the details printed in his hand, a trace of relief appeared on his face.
increased the position by 100 million, he is only losing 9% now, as long as the market rebounds, he will soon be able to make money back.
"Oh Mika. Philip, look at it."
"..."
GruppoGenerali892.15666
GruppoGenerali891.15666
GruppoGenerali890.23666
GruppoGenerali889.15666
...
PirelliS.p.A672.15666
PirelliS.p.A671.15666
PirelliS.p.A670.15666
PirelliS.p.A669.15666
......
......
MIBTEL, 18680.5666
MIBTEL, 18677.5666
MIBTEL, 18674.5666
......
MIBTEL, 18630.33
...
Suddenly, on the super display in the central area, the red and green interlaced handicap background became blood red, and the dense numbers like ants crawled over the entire handicap area.
With the red light reflected on the screen, the MIBTEL index dropped from 18680 to 18603.88. Philip Inzaghi's Gruppo Generali also instantly became 863.33, a drop from 2% to 100%. It’s five to eighty-nine.
Many people present were dumbfounded.
The Milan Stock Exchange has been in business for many years, but it has never been like this. All the stocks have sold on this scale in an instant.
The blood-red numbers are densely packed like locusts crossing the border, and the denseness makes the scalp numb.
It took Philippe Inzaghi for half a minute before he came back to his senses. He looked at the price of GruppoGenerali on the screen, and he felt a sense of absurdity that he had never felt before.
It was like, there was a staring at the money in his hand. Otherwise, why does the stock price fall endlessly every time I buy it?
Rome, Central Bank Transaction Department.
Qian Pi looked at the intensive selling again in the foreign exchange market ~ EbookFREE.me ~ frowned.
He knows, he may think too much.
At this time, it is impossible for anyone to help Italy. The United Kingdom hopes that Italy will be unlucky. If the lira falls, the currencies of other countries will appreciate, and, due to various pressures, Germany will inevitably lower interest rates.
For other countries, it is already the best result to suppress the lira by the way without participating.
As for Germany, they must really hope to see Italy embarrassed, and eventually have to ask them to help and choose to surrender, just as they did fifty years ago.
Are you a bunch of bastards?
Qian Pi cursed angrily in his heart, but he could do nothing about it.
The weak are always the best breakthrough. This rule applies to any ecosystem. Compared with the UK, Italy has too few choices.
Suddenly, the light on the other LCD screen seemed a bit wrong, and when Qian Pi turned around, he almost scolded his mother in anger.
666.
is all 666.
It's 666 again.
The foreign exchange market is 666, and the stock market is also 666. What do these want.