MILAN – European stocks close sharply higher after a nervous vigil, characterized by major announcements from the ECB. A cool head, the insiders are toasting jobs Super Mario Draghi that liquidity has flooded the Eurozone zeroing rates and bringing the deposit rate to 0.4%: the president of the European Central Bank has also widened the range of action Quantitative easing of bringing purchases to 80 billion a month. “The progress of the price lists – says expert – could continue to be cautious until the Fed meeting next week.”
Square Business closes the pink jersey in Europe: + 4.8% a step up from 19 thousand points and the highest for two months with the banks on the shields. Unicredit, for example, is passed on auction of excess of upward volatility before ending with a gain close to 10%, better the Ftse Mib. Well even with the General Nomination Committee which indicated Philippe Donnet as the successor of Mario Greek to the company’s guidance. Behind closed bags instead it emerged that the French Vivendi have tightened again taking on Telecom, climbing to 24.9%. Purchases also on other European Squares: London ends in progress 1.71%, Frankfurt of 3.51% and Paris of 3 27%. also bounce to Wall Street : closing the Dow Jones gained 1.28%, the Nasdaq 1.85%. Well even the S & amp; P 500 advancing 1.64%.
The markets then try to recover the time lost yesterday when, after the initial euphoria among investors have come forward the fears that central banks may have run out of ammunition at their disposal and, despite everything, their stentino measures to yield results: because the ECB has lowered all the forecasts of economic growth. “They stay in the background risks that have generated a very negative performance of stock markets in the first half of the year and that, in order to be absorbed, require interventions by the tax policy and not just monetary,” has in fact noted Gabriele Minotti Credem . The same Draghi has called several times the need for political action and called on banks and governments to do their part because hardly rates will fall further.
Even so it was thought the second Tltro: with the next round of targeted longer-term refinancing operations, the banks will access to ECB liquidity at negative rates up to 0.4%. In fact Frankfurt will pay because the credits institutes indebitino: a move that has sparked ire of German, but in Draghi plans should increase access to credit for households and businesses. L ‘ € closed steady at $ 1.1158 and 113.59 yen. The spread is down, below 105 basis points with the BTP to 10 years on the secondary market make the 1.32%. The Treasury has meanwhile placed an auction of BTP 7.5 billion to be sold out, with falling yields. The title to 3 years is dropped into negative for the first time (-0.05%), that of 7 years, is fixed at 0.79% (1.05%) and that of 15 years to 1,84% (2.08%).
the dell’Handelsblatt cover denouncing the “dangerous game “the governor with the money of German savers.
Among other things, the February inflation data show that Berlin is also in trouble: the price growth in Germany was 0.4% compared to January and zero on an annual basis. In Italy, however, industrial production has given signs of life with a click of 1.9% per month in January. In January, the trade balance of the United Kingdom has finally recorded a deficit of 10.3 billion pounds, down from 10.5 billion in December (revised from 9.9 billion): the data is in line with expectations.
in the morning, after opening down, the Tokyo Stock Exchange has ended positively, with the Nikkei index gaining 0.50% to 16,939 points. China Bags, however, ends the contrast exchanges. At the end of a difficult week for the economy and the country’s markets Composite Index Shanghai returns positive in the final and closes at + 0.20%, while that of Shenzhen yields 0.22%, to 1685.24.
For a day end up in the second floor oil but rises again due to good demand from the United States and who miraculously well, the fourth consecutive week of gains after the turmoil that have pushed crude below $ 30 in mid-January. WTI rises above $ 38 a barrel while Brent advances to $ 40.7. According to the International Energy Agency, oil prices may have finally hit bottom. The Agency also points out that talks are under way among world oil producers to freeze the production with the aim of pushing the price of crude to $ 50 a barrel. Also up the ‘ Gold : The metal for immediate delivery rooms by 1% to $ 1,284 an ounce. YTD growth was 20%.
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