MILAN – European stocks are celebrating the agreement in the Eurogroup night on the Greek bailout: l ‘ex Troika will grant the Government of Alexis Tsipras 10.3 billion aid in two installments, the first in June of 7.8 billion, the second probably after the summer. In 2018, however, it will address the cutting node to the debt of Athens. “It ‘an important moment in this long and difficult history,” says EU Commissioner for Economic Affairs Pierre Moscovici that the decision will allow “a lasting and positive solution” to the crisis as well as scoring “the will to return to confidence and growth bring investments in Greece “. In addition to the positive signals coming from Europe, investors are becoming convinced that a possible rate hike in the United States between June and July could coincide with a global economic recovery. In short, even the close that until a few weeks ago no longer seemed still far so afraid to markets.
European shares close Up: London by 0.7%, Milan 1.66%, the Frankfurt 0 , 47% and Paris 1.13%. Closure marked rise even for Wall Street, with the Dow Jones gained 0.82% to 17,850.96 points and the Nasdaq 0.70% to 4894.89 points. Well even the S & amp; P500 0.70% rose to 2090.52 points.
There was a slight decline in the spread between BTPs and Bund: the yield difference marks share 122.2 points, ( 124 last night), while the ten-year Italian is traded on the secondary market at a 1.4% rate. In the spotlight at the Milan Stock banking business: after the Unicredit board of directors who initiated the process for the replacement CEO Federico Ghizzoni, is officially the Group Tour with double-BPM green light of the board of Banco Popolare and Popolare di Milano management board to establish the balance of power between members of the two banking groups.
to understand the mood of the markets, however, , just look at oil prices that – pending the weekly stocks in the US – flies to 50 dollars: an initial advance, the inventory of API the American association of manufacturers shows a sharp drop of 5.14 million bpd, largely tied to the stop of the Canadian production, after the fires in the Alberta region. On Asian markets, Light crude futures WTI rise 60 cents to $ 49.24, after a top seven months of $ 49.35 and Brent shifted up 54 cents at $ 49.15. Still falling, however, the price of gold: bullion for immediate delivery is trading at $ 1223 an ounce with a 0.3% contraction. As if to say that investors are leaving the safe haven to return to invest in stocks.
From the US, the president of the St. Louis Fed, James Bullard reiterated that the rate hike in June or July has not yet been established, but it is possible, given the data of the labor market: “there is no need to book in June,” he says, “are waiting to meet us, see the latest data and make a decision. We have made many moves over the years past, with no pressure on the neck of the press conferences. ” Meanwhile, in Germany Gfk index on consumer confidence is expected to increase in June. The index marks share 9.8 points in June against 9.7 in May and the 9.4 in April. The figure confirms that the GDP in the first quarter rose 0.7%, more than expected (the agenda of markets): huge leap forward even chee Ifo index measuring business confidence in May the index It rose to 107.7. Disappoint sales and orders to industry in Italy.
The euro is slightly higher, but below the level of $ 1.12, while the expectation of a rise in US interest rates is strengthened after the positive data on real estate market. The European currency is changing hands at $ 1.1149 and 122.64 yen. In the morning, the Tokyo Stock Exchange ended the trading day rising 1.57%, thanks to the instructions that come from the US housing market, which according to investors may justify an increase in the cost of money advanced in June. The Nikkei index posted a gain of 258 points at 16,757.35 fee.
No comments:
Post a Comment