New drop in August Ifo index. The index that measures the German business confidence fell for the fourth consecutive time points to 106.3 from 108 for the month of July. The agency reported Bloomberg, explaining that the decline was worse than expected, subject to 107 points. The new decline in the index reflects the slowdown in the eurozone and political tensions with Russia and the escalation of sanctions internazioni toward Moscow to whom it is paid the embargo by Putin of different foods. The new drop follows the first fall of German GDP in the last quarter which recorded a contraction of 0.2%.
The Euro falls below $ 1.32 for the first time since September 6, 2013 and share touches 1.3191. Weigh on the single currency the words of the president of the ECB, Mario Draghi, who has opened a new operations and the negative trend in the Ifo index, which indicates a further slowdown in the German economy.
Spread BTP / Bund part down to 154 points – The spread between BTP-Bund falls still further, reaching a total of 154.1, with the ten-year Italian yield drops to 2.473%. The spread between Spanish Bonos and German Bund drops to 132.2 (rate at 2.254%), but on the market it should be noted the new historical minimum of ten French, fell 1.3% despite the crisis the government in Paris.
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