EU stock exchanges are strengthened. In Jackson Hole, Yellen will hold open all the doors – The Republic

MILAN – After the race the day before, European stocks opened weaker but try to strengthen after the start of trading. Milan turns positive the 0.5% with banks that confirm the good time yesterday. Unicredit is still the queen of the list, in view of a possible sale of a stake in the Polish subsidiary Pekao, which could alleviate the need for a capital increase. again Mediaset Well, the day after the request for damages from Fininvest to Vivendi, which brings the legal battle between Italy and France over 2 billion euro. Catching up than opening the other European bourses: London remains in the red by 0.2%, while Frankfurt back on equality and Paris earns 0.1%.

investors recorded growth of the possibilities of a rate hike by the Federal Reserve as early as 2016, rose Tuesday from 51 to 55 percent ahead of the December meeting, while oil returns to weaken below $ 48 a barrel. “Uncertainty about the next Fed move weighs especially in emerging markets, which could be affected by a possible monetary tightening,” he told Bloomberg Stephen Innes, traders on the currency from Singapore.

He approaches the meantime the day (Friday, August 26) the speech by Janet Yellen, president of the Fed, the annual symposium of central bankers in Jackson Hole. The clues come from the US macro data is still mixed yesterday increased sales of new homes, but manufacturing has slowed. Mixed signals that complicate Washington’s choices. According to observers, Yellen – who unlike the predecessor Ben Bernanke has been more sparing of signs in his public speeches, the door should remain open for an already possible rise in September, but did not take any concrete commitment to do so. Also because in the meantime, the ECB is the central bank of Japan will meet to evaluate their situations and expect new economic support measures (Mario Draghi will not participate in the summit in Wyoming).

the possibility of a rise in US interest rates at its meeting on September 20 to 21 next: remain low. For the December meeting rather than 50%

very encouraging news for the economic recovery of the Old Continent, came from Germany, where the slowdown in the second quarter was confirmed dell ‘ year with GDP growth of 0.4%, compared with 0.7% in the first quarter. The day macroeconomic agenda also provides for the US index of home prices in June and sales of existing homes in July. The change euro-dollar is down slightly, with the currency of the old continent that is trading at 1.12922 greenbacks. Start flat for spread between BTP and ten-year Bund: is stationed at 122 points. But continue purchases on government bonds of the euro. The BTP shows a yield falling below 1.13% while the Bund presents a -0.095% yield.

the trend in German GDP: the line indicates the change over the previous quarter, the bars on the same quarter the year before ( source Destatis )

in the morning, the Tokyo Stock Exchange has recovered the losses of the day before ending the session with an advance of 0.61% to 16,597 points. Sitting just move to the Shanghai Stock Exchange with the main index at the end of trading shows a 0.14% decline to 3,085 points.

The indices of Wall Street ended the session higher, last night, although below the maximum levels reached in the day that led the Nasdaq to score a new intraday record. The rebound of oil – fueled by renewed hopes for a potential deal for a production freeze – has supported the stock: the Dow Jones added 0.10% to end at 18,547.26 level, the S & amp; P500 0, 2% and the Nasdaq 0.30%. Today the oil, waiting to know the data on US stocks, has shown a decline in Asian markets. For Goldman Sachs analysts, this is of benefit taken after the growth of the August prices, which would go even above expectations. WTI with October delivery lost 1.5% to $ 47.4 per barrel and Brent with file delivery 1.2% to $ 49.35 a barrel. L ‘ Gold is stable (-0.04%) in Asia at $ 1336.97.