MILAN – The stock exchanges continue to modulate their pace on the openings that open and close to the Greece , in the aftermath of the emergency summit convened in Berlin and attended by Mario Draghi, Angela Merkel, Christine Lagarde, Francois Hollande and Jean-Claude Juncker. The European Union is in Athens to present a plan that experts interpret as ultimatum: the Brussels group – ie the former Troika – is in fact preparing a program that provides savings of at least 3.5 billion a year, including pension reform and privatization. The proposal could be presented soon, because Athens is approaching the meeting of 5 June, the deadline for the installment of 300 million to be repaid to the IMF. E ‘likely that the payment is made to slip later this month, but meanwhile the capital flight from Greek banks increases the general alarm and the government seems Tsipras arrived last chance.
Pending further developments Hellenic, the ‘ € closed up against the dollar, above share 1.11 against the greenback, showing investor confidence towards a positive solution (currencies). Closing in enlargement for the spread between BTP and Bund, to 142 basis points. The yield of the ten-year rose to 2.12% and goes to the highest since November last year. Down instead, the spread between Bonos and Bund to 137 points with a rate of 2.07%. Exchanges have traveled all day in the swing, in the wake of news coming from the table EU-Greece: first were strengthened when the agreement seemed close, then they came back to slow when Dijsselbloem slowed the cartel.
Milan Stock is thus able to close in rise of 0.6%, while the others remain weak lists of the Old Continent: London and yields 0.36% Paris 0.41%, Frankfurt is the worst in more -0.94%. Athens lost almost 2.5 percentage points. Among the titles Milan looks to Fca. After good data on registrations on Monday, the Lingotto collects sales growth in the US: in May rose by 4%, marking the 62th consecutive month of growth and the best May since 2005. The increase in sales is higher than expected analysts betting on a rise of 2.6%.
Closing in negative territory for Wall Street . The Dow Jones lost 0.16% to 18,011.38 points. The Nasdaq yields 0.13% to 5,076.52 points while the S & amp; P 500 leaves on the ground 0.1% to 2,110 points. The US financial markets are emerging from a May record for M & A activity: operations reached 243 billion, never so many in a month.
On the macroeconomic front the day is pretty discharge significant events, also because in Italy we celebrate the Republic Day. Eurozone inflation rising attention especially by 0.3%, while the fall in producer prices. In Germany , the unemployment rate remained unchanged at 6.4% in May, in line with expectations. The number of unemployed is still fell to 2.786 million people. Jobless down in Spain , for the fourth consecutive time: fell by 117 thousand units in May, to 4.21 million. Across the Atlantic, in the US, the ISM index in New York fell to 54 points in May, from an altitude of 58.1; disappoint the factory orders, which fell in April by 0.4% and significantly worse than the expectations of analysts who had expected a decline limited to 0.1% (the agenda of the markets).
In the morning Tokyo Stock Exchange closed down, interrupting the series of twelve consecutive rises that led the Japanese list to new highs since 1988. At the end of a session characterized by profit taking, the Nikkei yielded 0.13%. Continued growth instead of Shanghai , driven also by possible government intervention to bring down the debt of local authorities: the list of China gained 1.69% in contrast to the rest of Asia.
Among the raw materials, the oil is rising in New York, where prices go up by 1.3% at the close of the markets and the EU as the WTI reached $ 61 a barrel. Stabilizes the ‘ Gold after the declines in Asia: the precious metal is just above $ 1,193 an ounce.
No comments:
Post a Comment