MILAN – The great fears for the reopening of world stock markets after the coup attempt in Turkey seem to fall. The lists show the contrary to be able to resist the new wave of chaos and uncertainty arising from the event of the weekend, which ultimately gave new power in the hands of Erdogan. The Turkish lira, which the arrival of the action of the military news (Friday night) had plummeted by more than six percentage points, now has found the kidney shot to recover those losses and parde When returning to below 3 against the dollar . It was not then given the usual rush to safe havens, such as gold and the yen, which usually accompanies the tight markets.
Ankara has promised to support in every way the financial markets, providing unlimited liquidity in case of need, while the deputy Mehmet Simsek excluded interventions on the foreign exchange market. On the other hand, if the World Squares had just taken from the shock of Brexit (able to “burn” 4 trillion global market capitalization in just two days), the Istanbul Stock Exchange 2016 was so far more than positive, with a 15% gain approx. Today, the main index of the Turkish Square in the red of 7.14%, while the yield on ten-year bonds rising squirts. The European markets are advancing cautious, but without showing the shock that some feared. Milan advances weak (-0.5%) with MPS volatile after Moody’s, last Friday, the institute has put under observation in view of a possible cut the rating on long-term deposits and debt “senior unsecured” in the long term. Shortly move the other: London halls of 0.3%, Paris yields 0.6% and Frankfurt 0.3%. Wall Street has stopped at the start with a minute of silence to honor officers killed in Baton Rouge; opening the indexes are slightly wavy with the Dow Jones lost 0.03% to 18,511.48 points, the S & amp; P 500 advancing 0.01% to 18,511.48 points and the Nasdaq showing an increase of 0 , 07% to 5033.25 points.
in Milan they record the results of the battle for RCS, which was won by Cairo Communication. The meeting of the group publisher Alexandrian vara Meanwhile the capital increase needed to pay the shares to shareholders of Via Solferino, while the antagonist consortium of Bonomi waiver rake the 12.9% share that was given during the ‘Opa. very positive session for Telecom, with the title that rises to EUR 0.69 to + 2.60% in the wake of the Thumbs arrived by Mediobanca which sees a target price of 1.27 euro. Positive, in the United States, the quarterly Bank of America that file gains, but makes the best of expectations.
It strengthens the dollar in Asian markets against major currencies. The exchange rate with the ‘ € falls to below 1.11 and amounted to 1.1053. The greenback also rises on the pound with the cross to 1.3234. The spread between BTP and German Bund narrows slightly below 125 points with rendimentio the Italian ten-year 1.2%.
In Japan, the Tokyo Stock Exchange has been closed this morning for festivities. The Shanghai index closed slightly below parity (-0.35%), while Hong Kong gained 0.66%. Opening down to the oil in New York. Futures on WTI barrel for August delivery give 79 cents to $ 45.16. Gold down slightly on the markets: the metal for immediate delivery is trading at $ 1330 an ounce with a fall of 0.2%.
Today’s macroeconomic agenda is quite download, but the week has appointments rimmed in red, with first the top ECB Thursday, July 21, and the G20 of 23 and 24 July in China (the agenda macro). The OECD meanwhile certifies a rise in the employment rate for the twelfth consecutive quarter to 66.8% in the first quarter of 2016, an increase of 0.3 percentage points compared to the last quarter of 2015. Interesting the bulletin of the Bundesbank , which sees the continuation of the “positive trend” of the German economy despite the Brexit it also recommends strengthening the ESM fund to coordinate the bailouts of countries that they needed it. The confidence of homebuilders in the United States fell to 59 in July from 60 in June. The figure is slightly lower than analysts’ expectations, betting on 60.
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