Handbags, Europe soaring with cars and banks, realized on gold. & Info at + 3.19% – Il Sole 24 Ore

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This article was published on February 15, 2016 at 9:13.
the last change is the 15 February 2016 at 17:40.

it continues the phase of risk appetite last Friday launched on the financial markets. Milan Stock Exchange closed with a rise of 3.19% but it went very well all the European indices (average of 2.8% increase). Even more significant leap with the Tokyo Stock Exchange was up 7.16% supported by the descent of the yen, the very day on which the macro data came news that the GDP in the fourth quarter of 2015 returned to contract (-1 , 4%) (which is why the abenomics not working).

On the Dow regain momentum bank stocks. In the afternoon, it was attended by the governor of the European Central Bank, Mario Draghi at the European Parliament.

“In recent weeks we have seen an increase in concern about the prospects of the global economy – said ECB President, Mario Draghi -. Data on activities and trade are weaker than expected, the turbulence in financial markets has deepened and the prices of raw materials fell further. ”

With regard to the banking sector Draghi said that European banks are now better able to withstand shocks.

To give further boost to the markets the news that China’s central bank It sets this morning the “mid-point” of the dollar / yuan 6.5118, down sharply from the previous 6.5314 to the long holidays last week. The fixing has allowed the yuan to appreciate today to the highest since last December 31, relaxing the devaluation fears and imparting momentum to Asian markets.

The euro / dollar is scesso below 1.12 after the words of Draghi who confirmed the intention to operate a new expansive operation in March, “if necessary.

<'p> While the BTP-Bund spread traveling in area 135. Friday closed markets Moody’s gave its decision on Italy’s sovereign rating, confirming a Baa2 rating (two steps over the threshold of the so-called “investment grade”), with a stable outlook. At the moment all four rating agencies followed by the ECB have a stable outlook on Italy. The next pronouncement on the country will be to DBRS, scheduled for March 18. This was confirmed Friday on other European credit rating: Moody’s on Latvia (A3 with a stable outlook) and Fitch of Slovakia (A +, stable) and Denmark (AAA, stable).

The strengthening of the dollar has weakened oil but it consolidates the strong recovery on Friday while prevail profit taking on gold (-2.5%) and year to date is the asset class that has run more (+ 13%) due to the climate of hate the risk of these first.

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