MILAN – Bags collapse and oil, the euro collapses and the Milan Stock printing a 5% decline. There are many elements of tension on international markets to characterize the resumption of trade earlier this week.
‘ uncertainty in Greece , where it started an election campaign inflamed in the elections of January 25 next year, the expectations for an intervention of the ECB with the purchase of government bonds and the decline of crude oil, which touches the smallest since 2009 below the threshold of $ 50, are a mix that generates a rush to sell stocks. Piazza Affari plays the role of the hardest hit among the major European stock exchanges, with a decline of 4.92% final.
The single European currency depreciates under the combined effect of two elements: the possible political developments Athens, with the rise of Alexis Tsipras that could mean meddle to debt restructuring, and the action of Mario Draghi that could short print new currency. The EU Commission trying to trim down the criticality Hellenic indicating, for the mouth of a spokesperson, that the EU treaty says that participation in the euro “is irreversible”.
‘ € closed at $ 1.1927 after hitting a low at $ 1.1880 for nine years, and even then weighs the expectation that the ECB may decide on the purchase of government bonds. Piazza Affari, Milan , extends the decline with the progress of trade. The FTSE MIB start the day down by one percentage point, recovers equality, then back to accentuate the losses and closed -4.92% to just over 18 thousand points with the collapse of oil and the trend in red on Wall Street. Among individual stocks in Milan manage to keep Luxottica and Monte dei Paschi, while losing a crash (-8%) Eni. The six-legged dog suffers cutting of judgment by Citi: advice to “sell” and target price fell from 16.5 to 13 euro for the tensions in Libya and the continued decline in crude oil prices. Eyes on Fca, which in December recorded a sales growth of 20% US. The spread between 10-year BTPs and German Bunds similar dates back over 13 0 basis points, with a yield of 1.85%.
Closing largely negative for the other European indices: London lost 2%, Paris 3.31% and Frankfurt 2.99%. Athens and yields suffer particularly in closing 5.6%, its lowest level since November 2012. In terms of capitalization, the day has cost 203 billion to European stock markets as a whole, only 21 in Milan. Wall Street is in sharp decline on the weight of the collapse of crude oil: the closure of European indices, the Dow Jones lost 1.5%, the S & amp; P500 leaves on the parterre 1.3% and the Nasdaq 0.9%. The ISM index of New York stood in December to 70.8 points from 62.4 points in November. The figure is better than expected and the level recorded for the month is the highest since October 2010.
The new downward pressure on the oil did deteriorate considerably in afternoon, share transfers: WTI crude oil, for February delivery, slipped quickly to new lows since the beginning of May 2009, passing momentarily below $ 50 a barrel (raw materials). Similar fate for oil in the North Sea, for the first time in five years under the bar to $ 55 per barrel. Weigh excessive supplies of markets, while demand is falling; crude drags down even the ruble Russian, exchanging at an altitude of 70 euro. L ‘ Gold – a safe haven for excellence – is instead rising towards $ 1,200 an ounce.
The European macroeconomic agenda has focused on the data of’ Inflation German : prices slow down in December to 0.1% annually compared to + 0.6% in November and remain flat on the previous month. The figure is the lowest level since October 2009 and below analysts’ expectations, which showed a + 0.2%. Additional elements that prompt intervention of the Dragons, who recently spent important words on the risk of deflation. Always Germany , meanwhile, the Institute of Statistics Destatis sent on file a record year, 2014, for employment: were employed an average of 42.598 million people, 372,000 more ( + 0.9%) over the previous year. The number of unemployed fell by 77,000 persons (-3.5%) to 2.105 million for the unemployment rate to 4.7%. Positive figures in Spain , where the year ended with about 250 thousand fewer unemployed even if the level “alarming” of 4.45 million.
In the morning, the Tokyo Stock Exchange has finished in loss (-0.24%) exchanges of the first session of 2015, serving in the final ascent of the yen with the uncertainties on the political crisis in Greece. The Nikkei index has increased to three sessions in a row negative yielding 42.06 points, to 17408.71. The Japanese economy, however, recorded growth of car sales, in 2014, by 0.8% over the previous year. Sales of mini instead have jumped by 7.6%. Solid growth for manufacturing activity: the PMI index was stable at 52, the same level of November, signaling a continued growth of the operating conditions of the industry. Above 50 points, the index indicates economic espanasione.
In contrast in the landscape Asia Shanghai (+ 3.5%), which continues to run, driven by energy stocks. At this point – if you look at the last six months – the rally of the square of mainland China exceeds sixty percentage points and projects it to the maximum of five years.
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