MILAN – European shares pull your breath, while government bonds accelerated following the announcement of the ECB that next Monday will start the quantitave easing by 60 billion euro per month. And so the spread between BTPs and German Bunds arrives to break down the threshold of 90 points, which had not happened since the spring of 2010. The governor Mario Draghi stated that continue purchases of bonds and securitized loans (Abs) already underway dall’Eurotower in recent months. The Qe will be extended until September 2016, but Draghi reiterated that it could go further if inflation does not approaching the target close to + 2%. Economists Eurotower also revised upwards their estimates of the GDP of the Eurozone, with a + 1.5% this year, 1.9% next and 2.1% for 2017.
If the Old Continent clings to the lifesaver of Dragons struggled to get out of the recession, the US economic empowerment continues. Witness the long-awaited report on the labor market: the disoccuazione fell to 5.5% in February, from 5.7% recorded in January, with the creation of 295 thousand new places ‘non-agricultural’. Compared to the figures released by the Department of Labour, analysts were expecting a rate of 5.6%, with 235 000 jobs created in the consensus drawn from Bloomberg . The rate of labor participation has decreased from 62.9% to 62.8% salaries recorded an annual increase (+ 2%), slightly lower than expected.
On the macroeconomic front, the European Germany The industrial production rose in January by scoring a surprise 0.6% monthly. In France the trade deficit grew in January, to 3.7 billion euro from 3.3 billion in December; that of the State fell to 9.7 billion. Eurostat confirmed GDP growth in the euro area and + 0.3% in the fourth quarter, the increase was 0.4% in the whole EU. In Italy, however, Istat has marked a decrease of industrial producer prices 2.9% in January, the largest for over five years. Again in the United States, the trade deficit fell to 41.8 billion dollars in January.
It also confirmed today the downward pressure on ‘ € . The European single currency has updated the minimum to 11 and a half years against the US dollar, in the wake of the start of ECB bond purchases and the strengthening of the US occupation, and is below 1.09, the lowest level since March 2003. The spread has temporarily dropped below 90 points, to levels not seen since April 2010, unless before recovering slightly. Similar trend for BTP, who arrived to make the secondary market 1.27%. In Milan Milan Stock closed in advance of 0.16%, contrasting other: London has yielded 0.71%, Paris remained unchanged (+ 0.02%) and Frankfurt has gained 0.41%. Among the titles Italian bank continues to hold the story of Rai Way and Ei Towers: the orbit Mediaset company now estimates a minority interest in the towers of the public television. Of note is the accounts of Atlantia, with revenues rising by 20% over 5 billion and the income increase to 740 million. Rising RCS and Mondadori: the house of Segrate cashes exclusivity until May 29 to buy books.
Wall Street , recovering from a session in upward after two dips consecutive, the trend is weak in the wake of the publication of macro data: the improvement of the economic climate approaching the raising of interest rates by the Fed, which would bring a normalization of monetary policy in Washington after years of easy money. As European markets closed, the Dow Jones sold the 1%, the S & amp; P500 moves back by 0.9% and the Nasdaq 0.7%. Meanwhile Apple celebrates the entrance, from March 18, the Dow Jones. In the morning the Tokyo Stock Exchange closed the meeting rising 1.17%: the Nikkei index therefore closed the week at an altitude of 18 971 points, the top since April 2000.
On the front of the materials oil in April down 1% to $ 50 a barrel. Gold prices remain turn away even more from the threshold $ 1,200 an ounce after a sharp decline yesterday.
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