MILAN – Global markets are storing up slightly a waiting seat before listening to the words of Mario Draghi, while continuing the correlation with oil prices. Tomorrow it meets the board of the ECB, which will reflect on the effectiveness of the many tools available in the field to try to revive the eurozone stagnation. The attention is focused on weapons that the governor will cite as possible additional moves, if the rates on deposits negative and the purchase of securities by 80 billion per month are not enough: the last press conference, urged by reporters, has He cited the ” helicopter money “and the debate was officially opened. In essence, some believe, the central banks should step over the banks and put fresh money directly into the pockets of citizens, to boost demand and prices. “Absurd hypothesis” for the German Governor Jens Weidmann.
Pending developments in Frankfurt, Asian equities have retraced from the maximum of four months in the slipstream of the worst day of Chinese Squares from February to now, while the lower increase the expectations of the weekly US crude inventories brings the price of to reduce losses marked a start of the session because of the end of the strike that hit the Kuwaiti limiting the production industry. In New York, light crude WTI yields 49 cents to $ 40.59 a barrel, while London Brent crude moves back 42 cents to $ 43.61 a barrel.
The European markets closed with rising Milan that can strengthen up to + 1.14%. Special observed each other Popolare di Vicenza, which is reflected on the whole also listed banking world: in a statement explained that the fund will be Atlante to underwrite the unsubscribed shares of the capital increase and that the fund will not pay more than the minimum of indicative of the fork, then 0.1 Euros. Rising the other European bourses: London after the peaks of 2016 touched yesterday, marking a + 0.08%, Frankfurt advancing 0.69%, while Paris increases of 0.56%. Also in recovery Wall Street : the Dow Jones rises by 0.3% as the Nasdaq, while the S & amp; P advancing 0.2%.
‘ € closed down slightly at $ 1.1328 and earn some points on the Japanese currency to 123.91 yen. The excellent data on real estate properties in the United States steps have lifted the greenback, which also advances at 109.76 yen. The spread between ten-year BTPs and German counterparts is stable at 123 points. The yield is 1.38%.
The agenda of the day is rather download from the point of view of macroeconomic data and process proceeds, in Italy, on Def. The German government has revised down its growth forecast of Germany for 2017, now estimated at 1.5% (in October the forecast was + 1.8%). For 2016 are confirmed estimates that see a GDP growth of 1.7%. Meanwhile, the industrial producer prices in March have remained steadfast on-month, while they fell by 3.1% on year. In Britain, the unemployment rate in the three months to February Ilo has stagnated at 5.1%. Sales of existing homes in the US in March rose more than expectations of 5.1%.
flat closure, in the morning, the Tokyo Stock Exchange : the appreciation the yen that has curbed the optimism. The Nikkei index ended the session with a + 0.19% to 16,906 points, after selling 3.4% on Monday to the Japanese earthquake effect and be bounced by 3.7% yesterday. Sharp decline, however, the Shanghai Stock Exchange (-2.4%): the Chinese index has returned from a March of this significant recovery, but now operators see a Chinese central bank less inclined to massive interventions in support of market courses. The chief economist Ma Jun has indeed explained that the next monetary policy moves, although they remain on a growth medium, will consider more risks that are created, such as excessive increase in indebtedness of the companies. A position that could generate volatility in the markets. L ‘ Gold is on the rise in Asia to $ 1,254.49 an ounce, an increase of 0.3%.
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