European stocks in red with oil. Crolla Tokyo: -3% – The Republic

MILAN – The ballast oil Wall Street sinks and Tokyo which closed the session down 3.15% despite the intervention of the Bank of Japan that Friday resulted in negative interest rates. The lists do not seem to trust the words of the Governor Haruhiko Kuroda that aligning the famous whatever it takes (whatever it takes) to Mario Draghi said: “What we put in the field is not enough, need new tools and I do not see limits in this regard. ” In support of the recovery – or better against the global economic slowdown – also joined the Chinese central bank with a measure to facilitate the ignition of loans: banks will lend up to 80% of real estate against the previous 75 %.

and thanks to moves in Beijing, Kuroda provides a stable growth of the Chinese economy considering also that they can be introduced utlriori fiscal stimulus and monetary measures. The Chinese government estimates for 2016 one of its GDP growth in 2016 between 6.5% and 7%, while today the PMI services index has returned to rise to the highest level since July. Fears about global growth and excess production, however, continued to affect the price of oil has fallen below the psychological threshold of $ 30 a barrel: the fear is that stocks in the US reinforce aggravating the oversaturation of the market, also increase doubts on the ability of countries OPEC and not OPEC to reach an agreement on the reduction of production. In the United States some analysts do not exclude that the Fed decides not to raise more the cost of borrowing for the entire 2016.

The Old Continent Bags are therefore wise and contrasted: Milan gives 1% the lowest level since 2014 Mps who leads the declines on the Milan stock exchange bottom, while still suffering from Ferrari after the accounts published yesterday. In trouble the other squares in the Old Continent: London yields 0.1%, Frankfurt 0.4% and Paris loses 0.7%.

spread between ten-year BTPs and German Bund rises to 122 basis points, with the yield of Italian ten-year bonds in the secondary market amounted to ‘ 1.52%. Just the containment of interest rates has allowed the Treasury to record a surplus improved in January, although the political climate around the public accounts is overheated by the controversy between Rome and Brussels on flexibility and migrants, waiting for tomorrow, the Commission EU public the new economic estimates on the Old continent countries. The euro is stable in the $ 1.09 area.

Last night Wall Street closed down sharply with the Dow Jones lost 1.8%, the S & amp ; P 500 1.87% and the Nasdaq 2.24%. They helped not disappointing quarterly by two of the major oil companies in the world. The US Exxon Mobil (-2.23%) recorded profits down 58%, and for the first time in 16 years and had to suspend the repurchase plan their actions. The British rival BP (-8.45% at the NYSE) in 2015 recorded the largest annual loss for over 20 years. The accounts of the two companies came after those of last Monday, Chevron (-4.75%), which had announced its first quarterly loss since 2002.

On the macroeconomic front, the day has no significant events to net of the recognition of PMI services indices within the eurozone, while in the US it looks primarily to new estimate of employed in the private sector over by ADP.

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European shares

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Wall Street

oil

EUR

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