MILAN – The markets of the Old Continent seek the rebound after a difficult session Eve. The moves of the experts, however, are bound to fears for the impasse of the Greek crisis: the stalemate in negotiations with the Troika door Athens closer to default rekindling fears of an exit from the Eurozone. The EU Commission, however, is more optimistic and a spokesman said: “Our only plan is that Greece remains in the eurozone.” Less prone to a solution is German Wolfgang Schaeuble, which curbs the enthusiasm of the day on the grant of six months to Athens to design a new international support: “We will not have a new program tomorrow.”
Globally , tension remains high for the crisis between Russia and Ukraine : without an agreement the US arm themselves Kiev against Moscow. And while the Kremlin threatens to not accept ultimatums, Berlin asks to go ahead with the diplomazione. In a difficult context there is also the economic slowdown of China: Beijing inflation in January suffered a sharp slowdown marking a + 0.8% per year, the lowest level in more than five years.
Meanwhile, in France’s industrial production rebounded in December with a 1.5% monthly; However, in the fourth quarter of 2014, the index of industrial production has nonetheless marked a contraction of 1.3% over the same period of 2013. Well even Italy, where it flies car production in December and confirms the recovery in November.
The markets move in the wake of the news on Greece, which fluctuate during the day between optimism and pessimism. The output of Schaeuble freezes a bit ‘the final, but Milan Stock can quit taking the good rise 1.76%. Paris salt of 0.96% final, Frankfurt of 0.75%, while London stick with -0.12%. In Milan attention Mediobanca that published the half-year accounts, as did Intesa Sanpaolo which has raised its dividend. The Stock Exchange of Athens closed up by 7.98% and giving them hope of an agreement between the Government and the international community. Wall Street proceeds closed up in the wake of optimism in view of the Eurogroup of European stock exchanges: the Dow Jones rises 0.79 percent, to 17868.76 points, the Nasdaq 1, 30 percent, to 4787.64 points and the S & amp; P 500 rises 1.07 percent, to 2068.59 points. Of note, during today’s sessio n, the primacy of Apple who beat all records: it is the first company in US history to close with a market capitalization of more than $ 700 billion.
L ‘ € closes above $ 1.13, while the greenback advanced to the top for a month on the yen. The European currency is changing hands at $ 1.1315, after hitting a high of 1.1345 dollars, on the trail of a possible agreement in Brussels on Wednesday between Greece ede Eurogroup. Back above 130 basis points spread between BTP and the Bund, just after the release of the German Finance Minister: the yield spread rose to 131 basis points, after falling to 122 points in during the session. The rate on the 10-year bond is 1.67%.
In the morning the Tokyo Stock Exchange has filed a sitting slightly down in the wake of the concerns for Greece and due to an appreciation of the yen that penalizes the export-related stocks. The Nikkei index has yielded 0.33% and amounted to share 17652.68. Also down the Topix which lost 0.20% and finished at 1427.72. In terms of raw materials, the ‘ Gold is rising by 0.6% to $ 1,245.98 an ounce. The price of the oil , however, back down: weigh IEA forecasts, according to which in the next five years, the prices will recover only partially. Futures in March yield 1.27%, 67 cents, to $ 52.19 a barrel.
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