MILAN – Hours 13.45. The European markets are weak, while the dollar is the lowest for almost a year in the wake of the US growth slower than expected. Yesterday it emerged that the US GDP rose 0.5% in the first quarter of 2016, less than the forecast (+ 0.7%) and especially under braking from the previous + 1.4% . A slowdown, closely tied to the export dynamics and thus the global context, but lowers the chances of a rate hike by the Fed during the next meeting in June. Milan marks a decrease of 0.7%, London 0.8% and Frankfurt gets worse at -1.3% and Paris to -1.7%. In Milan he looks Eni, which in the first quarter of 2016 recorded a total net loss of 0.79 billion euro, compared to a profit of 0.83 billion in the same period last year. Always under observation banking business, the day of the presentation of the Atlas Fund.
This framework weakens the greenback, which according to Bloomberg is the minimum 11-month low against a basket of ten coins competitors. The falling dollar pushes commodities instead: oil bought a fifth of the value (+ 20%) by the end of March, while gold and silver are the fifteen-month high. Different for the yen: the Central Bank of Japan has postponed the new economic support measures that some analysts expected, and this has strengthened the currency of Japan. The transmission euro-dollar is on the rise, with the currency of the old continent that is trading at 1.1394 greenbacks. Quotes of the oil are now stable, with Brent at -0.04% to $ 48.12 per barrel, WTI at -0.04% to $ 46.01 a barrel. rising trend for the spread BTP-Bund, which touches share 130 points with a 1.55% rate. Yesterday, the spread between the Italian-year bond and the German counterpart was at an altitude of 120 points with a 1.46% rate.
On the currency front has moved to China, with the Central Bank, which has raised the 0.6% reference exchange at 6.4589 per dollar, the highest remodeling since the fixed link was eliminated in July 2005. According to analysts, however, it is a move that reflects mostly the dollar slipped and not a statement of intent of monetary policy. Asian equities have treated weak in the morning, while Tokyo was closed for holidays. But in the wake of declines continued today in other Asian markets with Hong Kong 1.3% and Shanghai flat.
L ‘ macroeconomic agenda is nourished. The German retail sales fell unexpectedly in March: -1.1% compared to February, when it had remained flat. Economists had expected an increase of 0.4%. In Italy, unemployment has dropped to 11.4% in March, while inflation fell by 0.4% per annum. The Eurozone GDP for the first quarter 2016 increased by 0.6% over the previous period and by 1.6% on the previous year. This is the preliminary estimate. Shooting over the estimates, meanwhile, in France : GDP rose 0.5% in the first quarter, more than the 0.4% budgeted and after + 0.3% over the last three months 2015. In March, remains rather weak the transalpine inflation: + 0.1%, -0.2% on an annual basis. Data burst even in the US: income and consumer expenditure, activity index Chicago PMI and consumer confidence of the University of Michigan. And ‘meanwhile it has been called for Monday, May 9 the extraordinary meeting of the Eurogroup on the Greece , insistently request from Athens.
Yesterday Wall Street closed which were depressed, still weighed down by Apple . In Cupertino, moreover, there is the disappearance of billionaire Carl Icahn, who sold its package of shares. The Dow Jones lost 1.17%, the S & amp; P 500 0.92% and the Nasdaq 1.19%.
No comments:
Post a Comment