MILAN – Global markets continue to move to the rhythm of oil, while the Old Continent is already looking to the words of Mario Draghi: tomorrow will meet 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 oil is back down in the penalty area with WTI $ 40 a barrel after a surprise is over the strike of oil workers in Kuwait. Brent also fell, to share $ 43 per barrel. I take note European stocks, which start-up: Milan is a little below par, in line with the other of the Old Continent Bags. Special observed each other Popolare di Vicenza, which is reflected throughout the 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 part of the fork indicative, then 0.1 Euros. Align the other EU Grants: Frankfurt , London and Paris yield 0.2%.
The change euro-dollar is stable, with the currency of the old continent to share 1.1357 greenbacks. In early trading, the spread between ten-year BTPs and German counterparts is stable at 124 points. The yield is 1.38%.
The agenda of the day is rather download from the point of view of macroeconomic data, although Draghi is expected in a public speech in Frankfurt and works proceeding, in Italy, on Def. From Britain expect the data on wages, the US sales of existing homes. Prices for industrial production in Germany in March have remained steadfast on-month, while they fell by 3.1% on year.
flat closure, in the morning, the Tokyo Stock Exchange : the appreciation of the yen that has dampened 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 net 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.
Last night, Wall Street closed countered: the Dow Jones (+ 0.27%) and the S & amp; P 500 (+0 , 31% above 2,100 points) closed at new highs of 2016, while the Nasdaq has lost ground (-0.4%). To signal the collapse of Netflix (-12.97%), whose ability to grow users worried analysts. L ‘ Gold is on the rise in Asia to $ 1,254.49 an ounce, an increase of 0.3%.
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