MILAN – European stock markets fail to rebound after a difficult session Eve, but on the moves of investors continue to weigh international tensions: on the one hand the price collapse of the oil that is forcing large multinationals to review their business plans; the other, the Greece .
In Athens, Prime Minister Antonis Samaras has anticipated the election for President of the Republic. The candidate of the government is Stavros Dimas. The quorum is set at 180 votes, but the executive has 155: if nothing done by the third round, scheduled December 29, will be dissolved parliament and the country will return to the polls with his left Alexis Tsipras in head in all the polls. A victory could call into question the agreements of Athens with the EU endangering the permanence of the country in the euro.
A global markets also look to the China : Beijing has taken measures to limit the growing risks in the financial system fueled by debt. In addition, the country has recorded a new braking inflation in November, when it amounted to a minimum of five years: salt so the specter of deflation for the second world economy. The price increase amounted to 1.4%, the lowest level since November 2009 to September and October inflation slipped to 1.6%, from 2% in August and November Analysts predicted a stable datum. In the first eleven months of the year the annual rate is fixed at 2% so far below the 3.5% annual pointed to Beijing and to 2.6% in 2013.
In Europe, meanwhile, falls by 0.3% in the third quarter ‘s Employment in France that records in October, a contraction of 0.8% in industrial production. Japan consumer confidence falls for fourth consecutive month. The euro is up slightly against the dollar to 1,239 (+ 0.1%). In Asia strengthens the yen after the slowdown of Chinese GDP and the decline in the price lists that makes investors flock of assets considered safer. The Japanese currency advancing 0.6% to 118.8 against the dollar with an overall 2.1% in three days, and by 0.5% to 147.4 against the euro.
this context in Milan Milan Stock , after a morning in positive territory, the route turns and gets to close down 0.89% with the FTSE MIB in area 19,200 points. Sales on other lists of the Old Continent: London marks -0.45%, Paris yields 0.84% and Frankfurt is the ‘ only one who can keep a + 0.06%. Athens, after -12% yesterday, closing 1.24% in red. Moves in red also Wall Street : When in Europe closed the trading day, the Dow Jones gives 0.8%, the S & amp; P 500 0.6% and the Nasdaq 0.4%. From beginning of the year until yesterday the Dow Jones gained 7.4% and the S & amp; P 500 more than 11%. Even with the prospect of the Fed rate hike around the corner, the impression among investors that the US is a further economic recovery and corporate earnings growth could push the stock even higher. Among individual stocks in Milan, we report the collapse of Fca passing for a p eriod of suspension downward. At the end of trading, however, Wall Street closed sharply downward with the Dow Jones lost 1.51% to 17533.15 points and the Nasdaq 1.73% to 4684.03 points. Also hurt the S & amp; P500 slipping 1.63% to 2026.16 points
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spread , the yield difference between BTP and German Bund rises above the threshold of 135 basis points, while Italian bonds to ten years make 2.06%. Meanwhile, the Treasury sold all the 5.5 billion euro of Bot 12 months at auction today, but with rates on the rise. The average yield rose to 0.418% from 0.335% placement of November. From the Greece came another worrying sign from the yield curve of Greek bonds. The headline rate in three years came to 9%, a higher return than the ten-year (8.3%). L ‘ € touch new highs on the ruble: 68 Russian coins are used for acquisatarne a European. Against the dollar, the euro changed hands at 1.2432.
In the morning the Asian markets have filed the second consecutive session in the red in the wake of the drop in the price of oil is now close to the $ 62 to barrel. Among the worst financial centers tick Tokyo which lost 2.25%, preceded by Taiwan (-1%), and Sidney (-0.45%). At the continental level the MSCI index lost 1.1%. Countercurrent only lists with Chinese Shangai which gained 2.93% despite the inflation data has not been in line with expectations, slowing the minimum five years.
In terms of raw materials, as mentioned, after the break yesterday back to down the price of the oil . At the close of the EU markets, WTI collapsed by almost 4 percentage points from the previous close and is in area $ 61 per barrel. Domina fear among the OPEC countries, a potential drop in prices up to $ 40 if you were to miss the coordination of the countries of the organization. The cartel for another cut estimates on global demand for black gold for 2015 of 280 thousand barrels per day. Brent falls momentarily below the $ 64, new low since July 2009. L ‘ Gold in February was stable at $ 1,230 an ounce.
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