The Fed sees less risk to the economy, but remains cautious on rates. Flat bags – The Republic

MILAN – 11:00 hours. The Federal Reserve confirmed the cautious approach to raising interest rates, although he also acknowledged that the economy clouds have thinned, and the dollar has taken note of the still accommodative negotiating position downwards. The European markets are advancing in open order, in the wake of the closure of weak Asian equities: Milan yields 0.75%, Paris turns rising by 0.3%, Frankfurt 0.15% and London is a decrease of 0.1%.

the US central Bank has used tones encouraging for the US economy, which is growing at pace “moderate” with a market the work that has “strengthened.” According to the institute led by Janet Yellen , “the short-term economic risks have decreased to Outlook” sign that brexit no worries. Analysts remain divided, however, in determining whether the Fed has signaled or not a close future in September. Japan is waiting for tomorrow reviewing the monetary policy of the BoJ, which could be the second pillar to the prime minister Shinzo Abe recovery plan that is worth over 260 billion dollars.

Milan Stock the hot title remains MPS, now on the eve of the publication of stress tests by the EBA and the narrow end to approve the sale of 10 billion non-performing loans and a capital increase that could reach 5 billion. Held in Acea, with France’s Suez projected toward the first place among private shareholders instead of Caltagirone, from which detect a package of securities. Of note is the revolution in the Moncler control chain, with two new international partners, while Saipem is covered by sales after the downward revision of the estimates for 2016. The macroeconomic agenda presents important data from Germany: the unemployment rate is remained stable at 6.1% in July from the previous month. It also expects inflation. In July, meanwhile, the ESI index of the European Commission which measures business and consumer confidence in the economy rose by 0.2 points reaching a total of 104.6 points despite the British vote for the exit from the EU. Well even the ECB index – which is confined to business confidence – and increased by 0.17 points reaching a total of 0.39 points. From the US come the requests for unemployment benefits and the June Preliminary trade balance.

spread between Bund and BTP dates back to 130 basis points, mainly because of the descent of yield on German bonds. The ten-year Italian, in fact, makes less than 1.2% on the secondary market. Change euro-dollar are slightly up, with the currency of the old continent who returns to 1.11 greenbacks.

Closing down for the Tokyo Stock Exchange with the Nikkei index falling 1.13% to 16,476.84 points. Yesterday’s session at Wall Street is over countered in a day marked by a series of disappointing quarterly corporate such as Coca Cola (-3.3%). Only the Nasdaq managed to gain ground, supported by Apple (+ 6.5% to $ 102.95): The title of the iPhone manufacturer has filed the best seat for two years in the aftermath of a quarterly profits, revenue and smartphone sales down but less than expected. The Dow Jones lost 0.01%, to 18472.17 share. The S & amp; P 500 surrendered 0.12% and the technology price list has gained 0.58%.

Quotes of the ‘ Gold at the sharp rise in Asian markets, after the sitting Fed has not raised interest rates while leaving open the possibility of a rise later this year. Bullion for immediate delivery, changing hands at $ 1,338 an ounce, an increase of 1.5%. After strong sales of the last sessions, accentuated by the unexpected growth of US stocks, the oil is slight rise, with Brent at $ 43.57 a barrel, and WTI to $ 42 a barrel .