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This entry was posted on August 12, 2015 at 9:18.
The last change is the August 12, 2015 at 22:47.
The Assumption of the stock is spoiled by China. For the second consecutive day the financial markets experience a downturn after the devaluation of the yuan decided by the Central Bank of China. Beijing did not stop to cut 2% of reference between the currency of the People’s Republic and the dollar, which yesterday had shaken the markets, and it has lowered by another 1.6 percent. The European markets, after a negative start, have accentuated the losses (here the main price lists): in London the FTSE 100 closed down 1.40% to 6,571 points, while in Frankfurt the Dax index sold 3.27% to 10,925 points. Sharply falling well the Paris stock exchange, with the leading index Cac at 4,925 points (-3.40%).
The Business, as well as the rest of the European markets, with the FTSE MIB slips that touches the -3.08% to 22,974 points before closing at -2.96%. Black mesh remains Fca (-6.59%), followed by CNH (-4.32%), Ferragamo (-4.9%), Luxottica (-4.5%). The price lists are worst Paris (-3.37%) and Frankfurt (-3.34%).
Starting negative on Wall Street, which sells about one and a half percent, but recovered from mid-session, then to close in slightly positive territory. The Dow Jones unchanged at 17,403.11 points, the Nasdaq rises 0.15% to 5,044.39 points while the S & amp; P 500 advancing 0.1% to 2,086 points.
Alibaba collapses on the stock market
Alibaba on the stock market collapses and drags along the other actions of Chinese technology companies listed on Wall Street. The Chinese e-commerce giant intraday lost up to 8.2% the worst ever performance in six and a half months. Now it loses 5.78% to $ 72.87 per share. A to give ground to the title are the quarterly published today which recorded results below market expectations.
Top headlines penalized
The move puts the corner Chinese securities industry and luxury car. The devaluation, in fact, on the one hand penalizes exports to the People’s Republic and, on the other, is likely to slow monetary tightening by the Fed put in the yard and weigh so ‘courses on the dollar. At the Milan Stock lose ground so Moncler, Luxottica, Ferragamo and Tod’s, but sales do not stop Milan: heavy, in fact, even the French giants LVMH and Burberry Kering as well as English. Also hurt the car: Fiat Chrysler even bigger losses and enters into a volatility auction when marks 13,89 euro, a decline of 5.57%. The title is the worst of the FTSE MIB and pays the sharp correction in the auto industry. Readmitted to trading, yields more than 6.5%. Industrial and CNH ‘declining by more than 4.14%.
The foreign exchange market, the euro strengthened against the dollar and is trading at 1,117, because the double devaluation of China makes more uncertain the expectation of a rise in US interest rates in September, weakening the greenback. Many now are betting on a return of close to December by the Federal Reserve.
Bags Chinese downward
The second consecutive devaluation of the yuan is being felt, although in a less heavy expectations, on Bags Chinese. Shanghai closed down 1.06 percent in the session: the composite index closed down 41.59 points to 3,886.62, with a trade volume of 579.1 billion yuan (85.5 billion euro ). Worse went to the Shenzhen Stock Exchange, which lost 1.54 percent.
Auction Bot, rate historically low
Tensions stock market does not reflect instead the bond market. The Italian Treasury has in fact sold all 6 billion euro of Bot to 1 year with rates falling to a new low. The average yield fell to 0.011% from 0.124% auction of July. Meeting the demand with a coverage ratio of 1.72 equal 1.52 the previous year.
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