RAFFAELE Ricciardi
European markets uncertain pending the speeches of Governors central to Jackson Hole , great expectations for the signs of Janet Yellen. Yesterday the S & amp; P500 closed to new all-time high, driven by signs of recovery in the United States. Day weak to Tokyo, which breaks a streak of nine positive sessions (-0.3%). For oil approaching the fifth week of declines, the gold to its lowest in two months
MILAN – 10:45 – The job market is not yet strong enough and that’s why – despite numerous signs of strengthening economic recovery – still need the support of the Fed, which, however, is preparing to raise interest rates: a mid-2015 will be the breakthrough money. Investors expect a synthesis of this type for the speech that the number one of the Federal Reserve, Janet Yellen , held today from Jackson Hole, Wyoming, where he held the traditional meeting of central bankers hosted by the Fed Kansas City. After her, it’s up to Mario Draghi (ECB) and Haruhiko Kuroda (BoE) to explain the situation on the Old Continent and Japan.
While waiting for enlightenment by the Central Bank Usa, stops the run of superdollaro, which in the past hours had already pushed the euro to its lowest for about a year, just above the threshold of $ 1.32 ; Today, the European currency is changing hands at $ 1.3283 and also strengthens against the yen, to share 137,84. Wall Street still has anticipated the tone from “dove” expected today by Yellen and – in yesterday’s session – has found new records with the S & amp; P500, while the Dow Jones is back above 17 thousand points.
The movements of the currency front, they did this morning
by reference to the stock exchanges of the East, on a day with no data macreoconomici relief. Even the European markets, which yesterday closed up again with Piazza Affari in pink jersey (+ 2%), now take the path of caution. Milan is a slight decrease (-0.2%), as weak as the other EU Bags: Frankfurt and London are laboriously anchored at par, Paris yields 0.3%.
On the Milan Stock Exchange, as well as continue to follow the controversy the output of the ad by Andrea Guerra, Luxottica, for which cda is expected in early September, there are good news for shareholders Enel Green Power. In a report today, the analysts at Berenberg brokers have issued an upgrade on the action by raising their rating on the stock to buy (buy) from the previous hold (keep). Still positive on the banking sector, with the Popular purchased. The stable spread BTP-Bund: the yield spread between Italian government bonds and German stood at 159 basis points. The yield of the ten-year treasury bonds is 2.57% per cent, close to historic lows.
In the morning there was the closing down slightly for the Tokyo Stock Exchange that, after nine consecutive rises, she moved with caution pending Yellen. The Nikkei index of leading securities began the day positively, but he finished his trade down by 0.3% (-47.01 points) to 15,539.19. During the week, the Nikkei index gained 1.44%. The broader Topix index closed down 0.40%. Sitting weak 1.75 billion shares changed hands.
As mentioned yesterday, waiting for developments from Jackson Hole but after a string of macro data than expected (from superindex economy demands of unemployment benefits), Wall Street has filed a sitting upside. The S & amp; P 500 (+0.3% yesterday) was not limited to touching a new intraday high, but he scored a record twenty-eighth year. The market believes that in his speech today the number one of the Fed, Janet Yellen, uses tones from “dove.” The Dow Jones riaggrappato the psychological threshold of 17,000 points: the index of 30 blue chips added 0.36%, to 17,039.56. The Nasdaq is 0.12%.
quotes Oil are on track to close the fifth week in decline, the longest losing streak of the last nine months futures WTI, delivery October, they moved around $ 93.80 a barrel on the New York market after hours, down 16 cents after having already lost 56 cents in trading yesterday. In London, Brent October delivery lost 12 cents to $ 102.51 a barrel. Minus sign for the quotations of ‘ Gold , which move close to the lowest levels in the last two months: Asian markets contracts for immediate delivery are closed around $ 1,278.93 an ounce , a slight recovery compared to 1276.78 closing down the day before that led to the lowest prices by about mid-June.
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