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

MILAN – 13:15. Stock markets live uncertain waiting for the next moves of the Federal Reserve and banks – as often happens – fold in red European stocks, including the Milan Stock wears the black jersey. There is little the 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.

L ‘trend in the year to date

Today crude oil stabilizes at $ 48.7 a barrel and WTI area for just under $ 51 for Brent. European stock markets, however, deal in sharp decline: Milan gives 2.1%, Frankfurt lost 0.5%, Paris 0 , 85% and London to 0.25%. In Milan the financial sector ends up behind the white board with the index of banks in the red by more than 3 percentage points: Unipol, Banco Popolare and BPM are among the best-selling titles, which during the day is also flanked by 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.” 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 spread between BTP and German Bund to ten years is slight widening to 117.5 basis points, with the yield of ten-year Italian which remains below 1.1%. It confirms the weak dollar : The greenback is trading at 1,132 on ‘ € .

The macroeconomic agenda is download the last eighth day: in Europe they mention 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 rating experts can a rise in Fed rates later this year.

In the morning the Tokyo Stock Exchange 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%. The American Stock Exchange last night snatched second (slight) rise in a row, with a snap on the end: Dow Jones + 0.13% and the Nasdaq + 0.22%. The technological index today could close the eighth week in a row on the rise for the first time since 2010. The ‘ Gold was down 0.31% to $ 1348.

Topics:

European shares

Asian stocks

Wall Street

gold

oil

spread

EUR

dollar

Use rates

Fed

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