Frankfurt over 12,000. Greece repays IMF tranche, spread under 90. Waiting Fed. Thud oil under $ 44: Saipem and Eni sold liberally .
Supported by comments Visco , l ‘ € has rebounded after hitting the minimum of 12 years to $ 1.0456 and jumped + 1.16% to $ 1.0615.
The single currency has benefited from the numbers on industrial production in the United States, who have not convinced the market. The dollar / yen yields -0.10% to JPY 121.26. Euro / Swiss franc CHF + 1.06% to 1.0661, euro / yen JPY + 1.07% to 128.72.
Focus on the performance of the stock market in Frankfurt, the DAX index jumped more than 2%, more than 12,100 points, a new record. The basket German is up by 22% year to date. Paris + 1% approximately. In general good of Europe, with the Stoxx 600 + 0.94% over 400 points. Very well have gone securities tied to the auto industry and financial.
Under pressure, the financial center of Greece, the country still at the center of concerns for the management of its debt and the reform plan to be offered to international creditors as ‘goods’ exchange in exchange for the extension of the aid plan already signed. A government source told the media that Athens will return to the IMF tranche from a 580 million euro loan which expired today. This is the redemption of one of the three tranches of a total of 1.5 billion that Athens has to the Fund in the current month. But fears of a scenario Grexit that seems to become more concrete and tensions between Athens and Berlin were reflected on the bond market.
In particular, rates on bonds to three years are back above 20% for the first time since mid-February, at 20.26%. Year rates to 10.87%.
At the Milan stock purchases on popular after Veneto Banca has officially kicked off the process of industry consolidation. A decree of the government will lead to the transformation in Spa of 11 players in the sector. The board of the Institute of Montebelluna, in view of the imminent risiko, it appointed the investment bank Rothschild and decided to “proceed without delay to the transformation into a corporation.”
The news supported the banking sector, but there have been signs less. The FTSE MIB, BPM + 3%, BP + 0.71%, instead Bper under pressure with -0.19%. Among other banking Mps -1.02%, + 3.08% Intesa Sanpaolo, Unicredit + 1.45%, Ubi Bank + 1.48%. Among the titles of other sectors, buy on Autogrill + 3.96%, + 2.88% Azimut, Atlantia + 3.10%, + 4.61% Exor. Still sell on Eni -2.18% and -4.15% Saipem who have served the splash of oil prices. Saipem has been suspended for excessive downward, while Eni has suffered even cutting the coupon of around 30%, announced Friday. The reduction was more pronounced of pevisioni.
Heavy throughout Europe the energy, aided by the new drop in the value of oil, which has tested the lows from April 2009 (down even below the threshold of $ 43 per barrel ). In New York, the futures on the oil yield -3.39% to $ 43.32 a barrel, while Brent leaves the field -3% to $ 53.03. Gold -0.09% to $ 1,151.40 an ounce. Silver + 0.52% to $ 15.58. Minimum since 2009 for sugar, in the wake of the depreciation of the Brazilian real.
Just the Brazilian real continues to experience significant declines, and its value has lost -35% less than a year. Sales have intensified in the wake of the political chaos that is affecting the country.
On the markets for government bonds fluctuates below the threshold of 90 points, the spread between the rate of ten-year BTP and the German Bund, arriving in the morning up to 88 points with the performance of BTP 1, 15%. The thirty-year Italian and exchange falls to 1.90%.
This week there are great expectations for the monetary policy meeting of the Federal Reserve. After months of positive data on the labor market, at least on paper because the rate of labor force participation is at historic lows, the expectations of a close montaria grew. Becomes more and more likely a rate hike in June.
Today, meanwhile speaks Mario Draghi, but markets are closed, at 19.45. The ECB announced it had spent € 9.751 billion of bonds in the first week of launch of the quantitative easing program.
In corporate, Safilo has predicted record EBITDA doubled from 2014 to 2020. The group also sees growth in net sales of 6% annually over the same period: 5 years aiming for 1.6000000000 to 1.7000000000 euro. The securities earn + 2.77% to 13.74 euro at the start.
The board of directors of the Swiss Holcim has decided to reject the temini an agreement to combine the operations of 42 billion euro with French rival Lafarge cement.
In Asia the Tokyo Stock Exchange closed basically flat, at -0.04% pending the decision of the central bank. The purchases have dominated the session the Shanghai Stock Exchange. The general index at the end of trade showed an increase of 2.13% to 3,444 points. Chinese Premier Li Keqiang, in stressing how the pase must resign themselves to lower growth rates in the past, has promised to intervene effectively to revive tired economy and ensure growth of 7%.
(Lna-DAC)
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