MILAN – Hours 16:45. Markets bounce in the aftermath of the collapse that followed the meeting of the governors of the ECB in central Naples, while the US economy shows how strong his recovery with jobs data that beat expectations and push back the dollar to strengthen the highest for over two years on the euro.
Yesterday, the number one Eurotower, Mario Draghi, has chosen a hyper-wait strategy: it has confirmed the cost of money at a record low (0.05%) as expected , has announced the launch of the purchase of covered bonds (bond issuer) and Abs (prestisti securitized companies) but without specifying the expected amount and left in the distance with the chance to make a real quantitative easing (purchase of securities on the market, including the state) in style Fed. short, disappointed investors who had expected more precise information on the amount of money that the European Central Bank put into circulation and the prospect of proceeding weapon more powerful and untested, the quantitative easing in fact.
As often happens when there are large variations in the stock market, today the European markets react and start the day higher, as is the case for future on the Stock Exchange of the United States. Piazza Affari , yesterday in black shirt with a loss of close to 4%, advancing by 1.1% due to the reaction of the banking sector. Paris adds 0.9%, London up 1.2% and Frankfurt is closed for holidays. Even the spread between the BTP-Bund area stabilizes in 140 points against 142 the day before. The yield expressed by the decennial flag is equal to 2.34% in the secondary market. A Wall Street the Dow Jones slipped 0.7%, the S & amp; P 500 0.8% and the Nasdaq 0.9%.
Among the individual stocks Milanese records the difficult day of WDF, which fails to make money in the aftermath of the board on governance, which has accepted the resignation of the ad José María Palencia, providing a structure Interim management for the transition. Reacts instead Finmeccanica, which yesterday closed queuing at FTSE Mib.
Share prices also supported the news from the USA. The number of employed in the United States sale of 248,000 units in September, well above the expected increase of 215 thousand units. The rate of unemployment (calculated on a different statistical basis) withdraws from 6.1% to 5.9%, the lowest since October 2008, ie for almost six years. Figures released by the government corrects the upward ones in August and July, showing an overall increase of 69 thousand seats in the two months compared to numbers released initially. This aspect should not be underestimated, however, is the new contraction of participation rate in the labor market, which measures the number of employees on the total of those who seek a percentage of the total population in age from work: the rate dropped to 62.7%, the lowest since February 1978 Well the American trade deficit , which in August declined slightly at an altitude of 40.11 billion dollars. The figure is lower than in July (40.55 billion) and the expectations of the experts (41 billion).
The data push the dollar , which touches new highs the last two years against the ‘ € to 1.254 (a half was still sitting at 1,262.)
From the Old Continent arrived data relating to retail sales of ‘Eurozone which recorded an increase of 1.2% in August compared with July and 1.9% in 2013 As a sign opposite the PMI Composite , down 52 per share points. In Italy, the index for the services it gives a bad signal coming down again in September to 48.8 points from 49.8 points in August: below 50 is recession. Meanwhile index Pmi services in China has dropped to its lowest for eight months to September totaled 54 points, well above the threshold of 50 points, then in expansion territory, but in down from 54.4 points in August. The Japanese rose instead of 52.5 points from 49.9 points in September from August.
In the morning there was a positive closure for Tokyo Stock Exchange , too ‘ it recovering from a crash on the eve: the Piazza Japan was helped by a recovery in the dollar against the yen and was able to reverse gear after a weak start. The Nikkei index of leading securities has thus closed the session in advance of 0.30% to 15,708.65 points. The broader Topix index closed at + 0.19% to 1282.54 points. It remains difficult situation at Hong Kong , after the head of the local government, Leung Chun-Ying, rejected the request for resignation of students and protesters and even the local stock market is affected.
Finally, with regard to raw materials, the Oil in November yields 0.36% to $ 90.68 a barrel, the ‘ Gold in December to December represents a -1.33% to 1,198.9, bringing the budget year to date in the negative.
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