The Athens Stock Exchange collapses with banks: red Europe – The Republic

The Athens Stock Exchange collapses with banks: red Europe – The Republic

MILAN – 16:15. Athens collapses with bank stocks and the stock markets of the Old Continent ballast that yesterday they had filed with a sigh of relief the first session after the election of Alexis Tsipras vittoira. If Vittora party anti austerity has not shaken the markets immediately, today scares financials: the insiders fear that Greece can not get to honor its commitments on the debt front. The new Finance Minister, Yanis Varoufakis, however, is a pragmatic economist: ask a debt restructuring, knowing that they must accept a compromise.

On the other hand on the edge of the ECOFIN meeting in Brussels, the German Minister of Finance, Wolfgang Schaeuble, said that “the commitments must be respected”, but open to more flexibility. On the same wavelength also the Italian Minister of Economy, Pier Carlo Padoan, that serve “coordinated policies”. The euro still seems to suffer more of the maneuver of monetary easing from 1.14 trillion launched last Thursday by the ECB that the victory of Tsipras Athens: the single currency is rising to $ 1.13.

Italy, meanwhile, is back in the spotlight with the first issue of bonds after the move of the ECB and the vote of Greece: the Treasury has placed Ctz 24 months
up to 2 billion Euros with the rate at a record low of 0.281%. Also sold Eurozone inflation-linked BTP maturing 5 and 30 years for the maximum total amount of one billion. The rate on the five-year is equal to 0.2% and 1.16% over thirty years. Tomorrow will be the turn of the securities at 5 and 10 years up to a maximum total of 6.5 billion euro. Meanwhile, the spread – the difference in yield between BTP and German Bund – is stable in area 115 basis points, while the Italian debt makes 1.53%.

In this context, in Milan Milan Stock yields 0.9%, better than Paris which loses 1.2% and Frankfurt losing 1.3% but worse than London that leaves the parterre 0.8%. Crolla Athens loses 5% drop in financial stocks. Heavy on the Milan Stock Fiat shares after the record of the vigil. More Europe, however, concerns about the weakness of the global recovery: the oil is still the lowest level since March 2009, with the barrel WTI fact that share $ 44.93 and Brent slips to $ 47.87. Gold is down to $ 1,272.44 an ounce. Markets also weighs the downgrade by S & amp; P to the Russian debt: the rating agency is rubbish, the list of Moscow collapses sunk the euro.

It moves in red Wall Street : The Dow Jones moves back as the Nasdaq 1.5%, while the S & amp; P 500 lost 1.2%. Weigh especially macroeconomic data: the durable goods orders fall surprise of 3.4% per month in the US in December. Analysts had expected that should go up by 0.5%, after -0.5% in November. Also hurt house prices: the S & amp; P / Case Shiller index of 20 major metropolitan cities Use earns 4.3% annually in November, compared with 4.5% in October. This is the slowest expansion since October 2007. The US consumer confidence rose to 102.9 in January from 93.1 in January, while the index of manufacturing activity Richmond Fed fell in January to 6 points by December 7. In the morning the Tokyo Stock Exchange closed 1.7% recovery in returning to the highest in a month.