MARKET
Milan , February 15, 2016 – 07:47
Before the super performance of the Tokyo stock market (+ 7%), then the words of the President of the ECB Mario Draghi, who confirmed the full intention of the ECB to act in March if it were confirmed the worsening of the scenario already underlined in the first weeks of this year. These are the forces that have pushed up the square in Milan who finished with the Ftse Mib up by 3.19% and the FTSE All Share 3.49%. Well even Paris (3.01%), Frankfurt (2.67%) and London (+ 2.28%). The day will end with no Wall Street, which is closed for the festival of the President ‘s day. To allow Milan to win the pink jersey as leader of the day in Europe were banking stocks after a horrible month interesting seem to be returned to investors in view of the consolidation operations that appear imminent. On the shields in particular Mps (+ 9.21%), Banco Popolare (+ 7.31%), BPM (+ 5.65%), B to (+ 10.13%) and Unipol (+ 7.65%) and UnipolSai (+ 5.92%). The latter benefited from the words of the managing director Carlo Cimbri, which opened the possibility of a merger between the two companies in the event that came out from the perimeter of Unipol Banca Unipol. Outside the main index well Carige (+ 4.40%) after the open letter of the first socio Malacalza Investments has a ready replacement of top management and operational guidance of the bank in the next meeting in late March. On the currency front, the euro folds against the dollar trading at $ 1.1148 from 1.1250 on Friday evening.
crude consolidates the positions
the oil was affected by the positive climate of stabilizing financial markets and quotations are strengthened in the wake of rumors that harm likely a production cut by OPEC, which would have the effect of toning the barrel prices. Futures on Brent crude oil prices recorded a rise of 33 cents to $ 29.79 a barrel.
Gold down
the tentative signs of stabilization in the markets are not sufficient to declare the storm passed but have an effect on the prices of ‘ gold. After the ride that year to date has brought the safe haven to gain over 17 percentage points, with the acceleration of the first half of last eighth gold now moves back by more than 2%. The yellow metal drops from 1,236 to $ 1,207 an ounce, nearly thirty dollars less than at Friday’s fixing.
Strong rebound in Tokyo
the Tokyo Stock Exchange ignores data showing the contraction of GDP and ending the trading day with a rise of 7.16%, exceeding share 16,000 after he suffered last Friday, the biggest weekly decline (-11%) in 8 years. To facilitate purchases positive closures of European markets and Wall Street, while the new depreciation of the Japanese currency favors the resumption of stocks of exporting companies. The Nikkei index, the dollar rose to 113.92 yen share, marked an increase of 1069.97 points to 16022.58 share. All around the globe, therefore, the stock indices confirm the tendency to go on the swings with violent jerks it upward or downward.
The GDP retreating
The rebound occurred despite the spread of negative data for the economy of Japan for the last part of 2015 with a reduction of 0.4%. in the quarter from October to December: a greater reduction than expected (-0.3%). The annualized figure instead marks a decline of 1.4%, even this worst-case estimates that predicted a decline of 0.8%. In the heaviest burden is the decrease in private consumption (-0.8% against the expected 0.6%), which put in the balance the exit from deflation and the prospects for recovery for the Japanese economy.
The Minister optimistic
The Japanese Minister of Economy, Nobuteru Ishihara, on the sidelines of a meeting with the press, said he expected the next few months a moderate recovery and that “the fundamentals of the Japanese economy remain solid.” The comments have been taken since the publication of the contraction in Japanese GDP highlighted in the last quarter of 2015.
the Chinese Stock Exchange
slightly closing down due to the Chinese stock market of Shenzhen with the Component index that yields 0.05% to 9668.84 points, closed instead increase the ChiNext index of innovative companies, which earns 0.95% to 2116.84 points. In Shanghai, the session is over -0.6% after several days of closure for the Lunar New Year holidays. The minus sign, initially decided, was mitigated by stronger recovery of the last weeks of the local currency, the yuan, against the dollar. The data of the Chinese economy, however, confirms the slowdown: exports in January fell by 11.4%, while imports were down by 18.8% in the first month of the year. Both the data are worse than expected.
February 15, 2016 (edited February 15, 2016 | 17:51)
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