MILAN – The markets are looking for the rebound in the aftermath of the collapse that followed the meeting of the governors of the ECB in central Naples. 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, 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 possibility of 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 the future on the Stock Exchange of the United States. Piazza Affari , yesterday in black shirt with a loss of close to 4%, consolidates the “plus” sign and opening up one percentage point, due to the reaction of the banking sector. Paris adds 0.7%, London is growing by 0.8% and Frankfurt is closed for holidays. Even the spread between BTPs and German Bunds is slightly lower than the levels of yesterday: the differential marks tally of 140 points against 142 the day before. The yield expressed by the decennial flag is equal to 2.32% in the secondary market.
Among the individual stocks Milanese records the difficult day of WDF, which fails to make money in the aftermath of the board governance, which has accepted the resignation of the ad José María Palencia, providing a management structure for the interim transition. Reacts instead Finmeccanica, which yesterday closed queuing at FTSE Mib.
Investors’ attention is focused today on Use data related to the labor market : The consensus is for a growth of 215 thousand jobs in September, with an unemployment rate unchanged at 6.1%. Yesterday Wall Street has closed on the final equality recovering the accumulated losses in the wake of European stock exchanges: the Dow Jones scored -0.02%, the S & amp; P500 gained 0.01 points and the Nasdaq rose 0.18%. To monitor even the American trade balance and the ISM services index. From the Old Continent, previously, we expect the data for the Pmi services and Eurozone retail sales . 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, which separates the phases of expansion than contraction of the economy, but 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. Steady start this morning for the ‘ € against the dollar, after the first few exchanges on international currency markets. The single currency, in fact, share is trading at 1.2648 against the U.S. greenback, compared to the assessment made of 1.2650 mark the closing indicative value on Wall Street yesterday. As regards, however, the exchange rate with the yen, the euro changed hands today at 137.83 against 137.77 last survey.
The price of Oil is above $ 91 per barrel. On the Asian markets, light crude futures salono of 53 cents to $ 91.54 and Brent rose by 36 cents to $ 93.78.
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