MILAN – 12:45 pm. European stocks treat rising markedly, following the record-breaking leap of the Tokyo Stock Exchange that has overshadowed the fears about the reopening of the Chinese Squares. The Nikkei closed up 7.16%, and a number of great deeds, from Nomura to Panasonic, rising in double figures. A good omen for the European markets, which are now no signs of Wall Street (closed for holidays), and pending the words of Mario Draghi, expected today (15 hours) at the European Parliament. The EU Bags are reinforced with the pace of trade: Milan halls of 4.1% with banks protagonists and returns above 17 thousand points. London grew by 2.1%, Paris 3.5% and Frankfurt of 2.9%. Shanghai , closed during the last eight for the Chinese New Year, limiting losses to 0.63%, Shenzhen holds even and Hong Kong back 3%.
It shrinks, after the recent flare-ups, the spread between Bund and BTP. The yield spread between ten-year Italian and German peers duration trade at 133 basis points, from 138 the previous Friday. Also flexes the yield, which moves 1.6%. Bank of Italy released data on the public debt, which amounts to 2.169 billion at the end of 2015, an increase of 33 billion on the previous year. L ‘ € is down slightly at $ 1.1207, after strong gains last week. The disappointing data on the Japanese GDP weigh on the yen super, which loses to 113.82 share on the greenback and 127.54 on the common currency.
To heighten the phase of extreme market volatility, capable of heavy markdowns and subsequent rebounds are the news from macroeconomic front of the Rising Sun, certainly not positive. To Exchange was a speculative and technical movement, after the worst week in seven years, closed at -11%. As mentioned, the data on the GDP of Japan registered a new downturn in the economy, falling by 0.4% in the period from October to December, with weak consumer spending despite putting expansionary policy implemented by the Japanese government in the last three years. In the whole 2015, GDP growth was limited to 0.4%. The surveys last quarter showed a 1.4% annual decline, more pronounced than the forecasts of analysts polled by the agency Bloomberg . The simultaneous decrease in consumption of 0.8%, which alone contribute to 60% of GDP, and lackluster wage growth do not allow the reforms of Prime Minister Shinzo Abe to achieve the objective of a rise in inflation to 2% and the final exit from the deflationary spiral that is gripping the world’s third largest economy for nearly two decades. In this sense, we have addressed the attention of the Central Bank of Japan, which has recently surprised everyone by moving rates on deposits in the negative; likely, at this point, that jump of the new planned VAT increase (April 2017) from 8 to 10%. Also declining exports (-0.9%) on weak demand as much from the US as from China.
Just the Beijing economy showed new signs of contraction in the trade, on which weighs the weakness demand both external and internal. In January, the Chinese exports are down 11.2% from the same month in 2015, for a value of 177.5 billion dollars. Imports are down by 18.8% trend to 114.2 billion dollars. The Chinese trade balance was so active 63.30000000000 dollars.
The Western macroeconomic agenda is the report by Mario Draghi, Governor Central Bank, the Committee on Economic and Monetary Affairs of the European Parliament. Eurostat records that the Eurozone trade surplus with the rest of the world amounted in 2015 to 246 billion, an increase compared to 184.3 billion in 2014. Wall Street and activity Use are stopped by the Presidents Day holiday. the US stocks is a veteran of the second consecutive week of declines, but the Friday’s session had been positive with the Dow Jones up by 2%.
to explain the rally c ‘it was also the recovery of the oil , which now moves slightly down in Asian markets, while Iran prepares to make the first deliveries to European customers after the removal of sanctions. Light crude WTI in New York lost 19 cents to $ 29.25 a barrel, the London Brent gives 10 cents to $ 33.26 a barrel. L ‘ Gold is down to $ 1,214.68 after touching the 11 February the $ 1263.48 an ounce, the highest since a year.
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