Bags in red, sales of banks. Blurs the positive effect of oil – The Republic

MILAN – The stock markets live banner of weakness the wait for the next moves of the Federal Reserve and banks – as often happens – fold in red European stocks, including the Milan Stock wears black shirt. Milan closes a day spent entirely below the water line with a decline of 2.18%, Frankfurt lost 0.55%, Paris 0.82% and London holds better at -0.15%. Also Wall Street is weak when they end exchanges of the Old Continent, the Dow Jones and the S & amp; P 500 lost 0.2%, while the Nasdaq is able to recover equality.

A Square business, despite feeble trade, the financial sector ends up behind the white board with the index of banks in the red by more than four percentage points: Unipol, Banco Popolare and BPM are among the best-selling titles, which during the day is also flanked the big Intesa Sanpaolo and Unicredit. Special observed MPS: the prosecutor investigates Fabrizio Viola and Alessandro Profumo for false accounting, but the bank is a “duty.” Only yesterday, the ECB recalled through the publication of its reports that the weakness of the credit system – especially with the high presence of non-performing loans as Itaia – is a weakness that resurfaces at every breath of markets. Achieve Telecom, after the recent run and the prospect of involvement in match between Vivendi and Mediaset to detect a minority share of the premium. The auto sector is another to go in difficulty, but extended level in Europe.

There is little the oil recovery staged in recent days, which reported $ 50 a barrel in orbit with the European Brent and $ 48 with the American WTI. The latter, known Bloomberg , has officially entered a phase of “bull”, with a recovery of 16% in the last six sessions. The former have generally benefited from the falling dollar materials, which lost ground in the wake of the sitters reports published by the Fed, interpreted in the operating rooms as a postponement of the right moment to the next rise in the cost of money. Also among the main producer of crude power something moves: both Russia and Saudi Arabia have opened to possible agreements to try to freeze the production, after the stalemate in the beginning of the year meetings. Today, the black gold prices stabilized with WTI that is, to the closure of European markets, at $ 48.1 and $ 50.5 in the Brent area.

L ‘ trends in oil YTD

the spread between BTP and German Bund to ten years is slight widening to 117.5 basis points, with the return on ten-year Italian who leads 1.12% at the close of day. L ‘ € closed down but remains above share $ 1.13, to $ 1.1316 and 113.05 yen. The Sterling back to lose ground: slipped to $ 1.3 (1.3156 yesterday’s closing) with the rumors on the timing of Brexit: according to the latest rumors the UK would like to confirm the prediction of invoking Article 50 (the one that allows member states to start negotiations for the release from ue) in the first half of 2017.

the macroeconomic agenda is download the last eighth day: in Europe reported the German producer prices, which in July marked a monthly rise of 0.2%, while on annual basis the decline amounted to 2%. Eurostat then announced that the EU’s balance of payments in June marked a surplus of 13.1 billion euro, an increase compared to 12.4 billion in May as compared to 9.9 the previous June. E ‘instead of last night the agency’s choice Moody’s to review downwards the US GDP for 2016, to + 1.7% from + 2% previously estimated. Unchanged at 2.3% the growth estimate for 2017. Despite this sign of weakness, for the experts of the rating is possible Fed rate hike by year-end. The governor of the San Francisco Fed, Williams, was added, in yesterday’s final session, the chorus of those calling for a rise in interest rates as early as September.

In the morning the Stock Exchange Tokyo closed cautiously upward, supported by Wall Street’s good grip and by the recovery of crude oil, which offset one yen, which although slightly weakened, continues to weigh on investor morale. At the end of trading the Nikkei index of driving licenses surged 0.36% to 16,545.82 points. Shanghai has gained 0.1%. volatile day for the precious metals and in particular for the ‘ Gold that, thanks to the performance of the dollar touched lows below the threshold of $ 1,340 an ounce, and then leads to $ 1,343 at the close of European stock exchanges.