Milan – 13:00. Markets traveling at the rate of energy prices, waiting to know what will make the Fed on interest rates. The oil recovery in the night has allowed Asian markets to consolidate the positions they were seen at the end of last week, after the promises of the ECB governor, Mario Draghi, to intervene in the markets again with new incentives at its meeting next March. The re-opening of the European markets, however, the barrel marks a new and weak, as expected by analysts, volatility returned to the main protagonist: Milan , playing well, turns red by 0.9% , London moves back of 0.1%, Frankfurt gives 0.15% as Paris . Roller coaster the banking sector of the Milan Stock Exchange, with MPS rising while Unicredit and popular tend to turn negative.
The price of the oil has – at first – the revised threshold of $ 32 , only to slip back into the area 31. It was still a signal vitalitàm amid a trend of prices from balances, which according to analysts is expected to last much longer. Before the increases triggered last week, crude oil had touched bottom for 12 years, both for the quality and for American WTI and European Brent. Just then, the big hedge funds have reduced their bets on further declines: according to Bloomberg data, the positions ‘court’ on WTI fell by 8.4% in the week ended Jan. 19, on the expectation of stimulus measures by the central banks that they could also raise the price of oil.
‘ € is rising: the European single currency changed hands at 1,082 against dollar (1.0798 Friday evening in New York). The prices of the yen dropped to 128. The spread between ten-year BTP and the German Bund is just moved into the area 105 basis points: the return on ten-year Italian bonds on the secondary market is equal to 1 , 55%. L ‘ macroeconomic agenda of day cashing on the decline in the Ifo German business confidence: fell in January to 107.3 points from 108.6 earlier, and has fallen short of expectations. In Italy, data on sales and industrial orders showed contrasting trends as well as retail sales in November were up on October, but were down on 2014. In terms of the trade balance non-European exports increased by 3 , 6%, while imports were substantially stable (-0.1%): last year the surplus was € 33.7 billion, compared to 27 billion in 2014.
In the morning, The Asian markets closed in positive territory. The Composite Index of Shanghai has gained 0.75%, in line with the other Square Chinese Shenzhen which rose by 0.8%. Higher gain to 1.3% for Hong Kong , while the stock exchange Tokyo closed up 0.9%, in the fourth session positive year to date. The trade deficit of Japan fell by 78% in 2015 after four years dramatic because of the nuclear accident in Fukushima. The strong recovery is due to the low oil prices. The negative balance amounted last year to 2.832 trillion yen (21.8 billion euro) against 12.816 billion in 2014, according to statistics released by the Ministry of Finance.
Returning to raw materials, prices of ‘ Gold are up in Asian markets: bullion for immediate delivery was trading at $ 1,101 an ounce, an increase of 0.3%. Wall Street is instead waiting for a positive re-opening after the session last Friday ended up sharply for the second time in allowing US indices to close the first week of 2016 with a plus sign. The Dow Jones added 1.33%, the S & amp; P 500 gained 2.03% thanks to the energy and the Nasdaq 2.66%. Despite the week is therefore been positive (+ 1.58% for the benchmark index), year to date declines are still higher than 7%.
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