Market comment ..
After a stabilizing opening and transitions sign ... a strong upward move while the STOXX® Europe 600 Banks, in a reaction of European banks in the wake of concerns that had been created on the occasion of the Italian Referendum, with investors turning their gaze on the ECB announcements on Thursday .. The European banks with precursors of the German Deutsche Bank AG + 5,90% to 16.181 and Commerzbank AG + 5,18% to 6.96 .. and the Italian banks Unione di Banche Italiane SpA with gains of 6.01% to 2.19 and Mediobanca Banca di Credito Finanziario SpA + 6.91% to 6.88 .. notes gains of 3.09% at 164.02 m ... moving high 10 months ..
STOXX® Europe 600 Banks
The STOXX® Europe 600 Banks ... despite concerns that have occurred in recent days ... has shown a great strength and managed to hold above the support level of 157.7 m .. moving between a narrow range between EMA 21 to 156.71 and the EMA to 9 157.5 m keeping intact the support of EMA 9.