The scholarships are beginning to try to reverse the negative trend of previous months: you are betting on an improvement in the scenario. The volatility is decreasing, but remains high. In the last month, the stock markets have recorded strong increases, despite all traders are always very cautious in purchasing. Risk aversion in financial markets is still present, but investor confidence is improving, even in Italy. Outside Europe the approach to equity markets is more positive with particular regard to the title on raw materials, advanced technologies and telecommunications. The current level of quotation of 'Euro against the dollar, is a value overvalued the stock is destined to fall, mainly influenced by the drop in ECB rates. After the race forward (upward) 's Eur

/ Usd last week, this week the operation was reduced: the upward trend did not continue his run as the European Central Bank hinted that it is not its intention to reevaluate the Euro, in fact, will seek to cut rates again. The yen remains weak but in the dollar against both the euro and this trend is negatively affected by economic weakness in Japan. Unlike the pound against the Euro is stabilizing: the change EUR / GBP has reached a height of near 0.95.