Bag, comes the “rebound” after seven sessions in deep red. Waiting for Yellen – Il Sole 24 Ore

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This article was published on February 10, 2016 at 09:11 hours.
the last change is the February 10, 2016 at 9:59.

from a heavily losing streak that has lasted seven sessions comes the long awaited “bounce” for European stocks that after the first hour of trading are soaring (here the trend of the indexes). European indices ignore the heavy thud on the Tokyo Stock Exchange and, albeit slight, decline of Wall Street and try to recover some of the abundant ground lost.

The financial storm that has hit the markets in 2016 has lasted more than 40 days. With the violent yet another downward yesterday (-3.21%) Business Plaza, year to date, it got to lose 25.7%. One older thud that of Shanghai (-22%) and more substantial than most nearby European markets. The Spanish Ibex (-16.94%) French Cac (-13.79%) and the German Dax (-13.65%) are in fact dropped, but at a slower speed.

The investors’ attention in the coming hours will be all for the number one of the Federal Reserve Janet Yellen that in a closely watched program hearing at the US Senate. Highly anticipated because the governor of the main world central bank expect clarification on the strategy that will follow.

The expectations on the Fed’s moves, which this year was to continue in its path of “normalization” of monetary policy by raising interest rates has been sharply reduced in the last week. Especially after the statements made last week by the New York Fed President William Dudley ( “the financial environment globally worsened”) which have led to the hypothesis greater prudence in monetary policy moves to be undertaken. A change of course which had repercussions on the euro-dollar exchange rate to appreciate and come back on the world stock market, already very tense and volatile, who took these statements as an admission of weakness of the American economy.

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