Bags, Tokyo rising 2% Down China (-2%) for given industry – BBC

MARKET

Milan , February 1, 2016 – 08:22

Milan Stock Exchange opened the first session of February, after a troubled January, positively. And the banks are in trouble in recent weeks, driving the increases. While collapses Luxottica, after the announcement of the reorganization. The FTSE MIB salt + 0.60% to 18,772 points and the other European markets, for the moment, have performed well. In light of the title of MPS (+ 2.94%) at the weekend Treasury and Post Office (-2.34%) were denied the possibility of an operation with Post Bank. Also in the rooms much credit Banco Popolare (+ 6.92%) because the market believes in the possibility that marriage with the BPM (+ 2.53%) can come any time soon. Ben also buy Ubi (+ 2.84%) which remains at the window and Unicredit (+ 2.25%). Among the non-financial securities purchases on Prysmian has won a new order worth around 250 million euro. While raining sales of Luxottica (-7.38%) after the new turnaround at the head of the group with the departure of one of the two managing directors, Adil Mehboob-Khan announced Friday by Leonardo Del Vecchio, on the occasion of the presentation of the accounts. Saipem down (-1.14%) and also Telecom (-1.76%). For securities we report not only small movements of Ansaldo Sts (-0.20% to EUR 9.84 and above the price of Opa) with the fund Elliott indicated that the non-acceptance of the offer of EUR 9.50 per share launched by Hitachi.

The boom in Tokyo

The world market is started with a closed sharply higher for the Tokyo Stock Exchange after the decision of the Bank Central (BOJ) to cut rates. Even the Australian Stock Exchange benefited from the Tokyo. Less bright the situation in China: the benchmark Shanghai has finished falling by almost two percentage points due to macroeconomic data that has depressed markets. Chinese manufacturing companies continue to report a deterioration of the operating conditions at the beginning of 2016, but at a pace of contraction slowed compared to December. The survey data indicate Markit. Caixin The PMI index rose to 48.4 in January from 48.2 in December. Below the value 50, the ‘index indicates a contraction of the sector, while above this threshold indicates an expansion.

The Chinese data

The Chinese economy grew by 6.9% in 2015, the lowest growth rate in 25 years. The government is considering measures to renew the industrial infrastructure of the country, beginning with the elimination of unproductive state-owned companies, and a new stimulus to support the economy. It remains positive, however, the result of the service sector, which in January has reached 53.5, versus 54.4 in December, when it reached the highest levels of the last sixteen months.

The budget bitter Wall Street

Wall Street, which on Friday closed well (+ 2.5%) but by filing the worst January since 2009, expectations are for accounts of Alphabet, the holding company that includes Google and that for the first time will give the balance sheet at market.

The record gold

Advance pricing instead of the ounce of gold, which opens the week with a + 0.3% to $ 1,120.75. While equity markets greet a terrible January, the yellow metal reached in the month just ended one of his best results (+ 5.4%) when considering the last year.

1 February 2016 (edited February 1, 2016 | 10:12)

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