The US GDP soars 4.6% pushing the stock exchanges. Sold at auction Bot – The Republic

The US GDP soars 4.6% pushing the stock exchanges. Sold at auction Bot – The Republic

The world’s biggest economy grows more than expected and supports investors despite international tensions: London vote today armed intervention against Isis. Milan bounces and closes at 1.9%, well the EU lists. Strong demand for Treasury securities six months, but the yield salt. It dates from the gold, a safe haven for eccellenz

GIULIANO Balestreri

MILAN – The European stock exchanges raise their heads in the wake of the U.S. GDP data in the database and send the setback marked by Wall Street, which yesterday reported the worst day since last July 31. The GDP was revised upward to 4.6%, depending on the final reading from 4.2% in the second estimate. The result is in line with analysts’ expectations in the first quarter, the economy had contracted by 2.1%. They do not fear, then, international tensions, the Russia that threatens to seize foreign assets in response to the sanctions of the West, the war on ‘ Isis : London vote today armed intervention. In the background, however, always concerned about the macroeconomic situation of the old continent that has struggled to start the recovery despite the extraordinary intervention by the ECB to Mario Draghi .

At the macroeconomic level, in the Old continent recording the steady decline in the Consumer Confidence . Germany the index developed by GfK shows a decline of 8.3 points in October, from 8.6 and earlier against expectations for a more modest decline to 8.5. French consumer confidence , however, remains firm in September on the 86 points recorded in August. The indicator, in line with expectations, it remains well below the long-term average (100 points) showing how the French households remain pessimistic and the perception they have of their future and the country continues to deteriorate slightly.

Day of confidence even in the United States, where the index measured by the University of Michigan has been lingering in September to 84.6 points, the same level in August, revised upwards compared to reading of 82.5. These results are in line with expectations. Italy , the data is in decline as firms’ assessments. L ‘ € , meanwhile, closed down at $ 1.2699 and 138.72 yen. After the minimum 22 months touched yesterday, the common currency remains under pressure due to the difficult economic conditions in the Eurozone. The upward revision of the GDP instead of trolling Use the greenback, advancing to 109.25 yen. The ruble touches a new low against the dollar at an altitude of 39.10. The Russian currency lost nearly 20% of its value since the beginning of the year.

In this context, a Milan & Info brilliant + 1.88%, in the pink jersey in Europe . Frankfurt clashes with a -0.2%, with Allianz that leaves on the parterre 6% after the release of Bill Gross from Pimco. The Cac 40 Paris gained 0.91% to 4394.75 points, the Ibex Madrid score + 0.63% to 10,851.4 points. Less inspired London (FTSE 100 + 0.15% to 6649.39 points). Even Wall Street positive advances: the closing of the European markets, the Dow Jones and the Nasdaq rising by 0.3%, the S & amp; P500 following a +0.2%.

Among the individual stocks in Milan, the good performance of BPM, among the best along with Fiat, while continuing to lose ground Yoox. In Telecom Italy held the day of the board must consider the proposal for Fintech a further extension of the contract of sale and purchase of the entire controlling stake held by the Italian group in Telecom Argentina. The spread is up slightly at an altitude of 141 points with Italian bonds on the secondary market that deal at 2.38%. The Treasure has sold all 7 billion euro of Bot 6 months in the auction today with a yield rising to 0.232% from a record low of 0.136% hit in the placement August. Strong demand: it has close to 13 billion euro with a coverage ratio rose to 1.85 from 1.63 the previous year.

In the morning the Tokyo Stock Exchange has closed in fall, after the slowdown on Wall Street. Downhill titles in exports because the yen has ceased to weaken. The Nikkei moves back 0.88% to 16,229.86 points. Investors had to digest the braking inflation, which in August stopped to 3.1% from 3.2% in July and 3.3% in June. Net of increases in VAT started in April inflation rose only 1.1% in August from 1.3% in July.

In terms of raw materials, the Oil in November grew by 23 cents, 0.25% to $ 92.76 a barrel, the ‘ Gold in December down 5.4 dollars, 0.4% in 1216.6 dollars an ounce.