EU grants rising after the ECB. positive returns to the EU industrial production – The Republic

MILAN – The long wave of the ECB, which after a first interim session generated a rally in the price lists of last Friday, also propagates in the beginning of the new week. Octave characterized by important meetings of other central banks, starting with the Fed and the Bank of Japan, which are called upon to clarify their positions downstream of the ultra-expansionary moves of Mario Draghi, who cut all rates, expanded program of securities purchases and offered liquidity at negative rates for banks that increase their disbursements to the real economy. Meanwhile, optimism continues to prevail in the operating rooms. And the end of the session it also saves Square Business that after a good start had turned red before you close on equality (-0.03%). Better than the other: London adds 0.57%, Paris 0.31% and Frankfurt is more dynamic at +1.62 %. Wall Street recovers after opening in red, and when they close the European stock markets, the Dow Jones advancing by 0.1% as the Nasdaq, while the S & amp; P 500 yields 0.2%. In the morning, Asian markets have gone to the highest level in two months (according to the index MSCI Asia Pacific), driven by the banking sector.

The ECB decisions continue to be felt on the bond side, with the spread between ten-year BTPs and German Bund which reaches down to share 100 basis points, its lowest level since mid-January, only to go back into the area 105. the yield on Italian ten-year bonds on the market secondary is 1.3 per cent. L ‘ € closed down, but remains above $ 1.11 in anticipation of the Fed and BoJ meetings: ii markets are betting on a rise in US interest rates in June. The single currency is changing hands at $ 1.1107 and 126.26 yen. The massacre in Ankara brings weakness on the Turkish lira, while Egypt has devalued its currency by 13%. The macroeconomic agenda of the day records the Eurozone industrial production , which returned to positive in January: + 2.1% in the euro area (after -0.5% in December) and +1.7 % in the EU (-0.6% in December). The OECD traces the slowdown in growth of GDP of the G20 in the fourth quarter of 2015: + 0.7% compared to the previous three months, when he recorded a + 0.8%. Approaching the time of the merger between the London Bags (which also controls Milan) and Frankfurt.

The wait for interventions of the ECB has made the protagonists banks of this market phase: purchases are broken down copious during March. This dynamic has above all favored the ‘peripheral Bags’ Eurozone, where institutions have a higher specific weight on the main lists and the prospects for improvement of government bonds have direct connection with bank balance sheets. Here is the graph Bloomberg which tracks the performance of Athens (white), Milan (purple) and Madrid (blue) well above the European average (red).

in the morning, the Tokyo Stock Exchange continued the positive trend and recorded a 1.74% growth, hitting a 294 points gain at 17,233.75 share. The figure higher than expected on the orders for industrial machinery in Japan , an increase of 15% in January, has brought back the optimism among investors, waiting for more signals from the meeting of the Bank of Japan , which began today. In trade currency the yen has stabilized at an altitude of 114 intone the change on the greenback, a level of 113.81. Big purchases even on Chinese Bags: a Shanghai The Composite Index grossed 1.75% to 2859.5 points, Shenzhen closed at + 3.22% in 9665.13 points. Trade has felt the weight of the words of Liu Shiyu, the new head of the Authority of the Chinese markets has reported that it is too early because the state abandoned the lists (which attends attraveso funds that buy shares to support the courses) and It said he was ready to intervene massively if you come back the panic. In short, Beijing is ready to support its volatile Bags.

The prices of oil deal falling in New York: the contract in April leaves on the ground 4.5% to $ 36.77 a barrel. Again are less hopes for an agreement between the producer countries on a freezing levels and mountainous fears associated with an excess of global stocks. Yesterday, Iran’s oil minister, Bijan Zanganeh, said that Tehran will not join the agreement already signed last month by Saudi Arabia, Qatar, Venezuela and rRussia until its production will not have again reached 4 million barrels per day. A meeting between the member countries and non-OPEC, which was scheduled for March 20, it therefore appears unlikely. L ‘ Gold is on the rise in Asia at $ 1256.88 showing an increase of 0.6%.