MILAN – European stock markets are looking for the rebound after a difficult session Eve, but on the moves of investors continue to weigh international tensions: on one hand the collapse of oil prices that is forcing large multinationals to revise their business plans; across Greece. In Athens, Prime Minister Antonis Samaras has anticipated to end the election for the 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 on the agenda December 29 will be dissolved parliament and the country will return to the polls with his left Alexis Tsipras in head 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 China: Beijing has taken measures to limit the growing risks in financial system fueled by debt. In addition, t he 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, employment in France which records to 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 moves upward by 0.9%, better than the other lists of the Old Continent: London recovers 0.3%, 0.7% and Frankfurt Paris 0.6%. The spread, the difference in yield between BTP and German Bund salt in area 135 basis points, while Italian bonds to ten years make 2.04%.
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 per 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.
Last night, meanwhile, Wall Street snubbed the sell-off global closing, albeit so opposed, far from the intraday lows. Investors have metabolized the news first came from China and then from Greece. According to traders, market participants have focused on energy stocks (+ 1.09%), the best results. The Dow Jones, arrived to give up to 222 points, closed down by 51.28 points, or 0.29%, to 17801.20. The S & amp; P 500 lost 0.02%, while the Nasdaq rose 0.54%.
In terms of raw materials, as mentioned, after the break yesterday to back down the price of oil. WTI crude oil drops to $ 62.82 a barrel on fears 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. Brent also moves back to $ 1.06 to $ 65.78. Setback for gold: metal for immediate delivery is trading in Asia at $ 1,230 an ounce after yesterday had risen to $ 1,238.
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