Markets in red: weigh the banks and the uncertainties on oil in view of the meetings between the producers-Opec – The Republic

the MILAN - 12:40 Hours. The price lists of european extend declines as investors weigh developments in the oil market, after days spent looking at the central Banks. The producer Countries gathered in the cartel of Opec meet informally to Algiers (on Wednesday, the decisive day), after which Saudi Arabia has made it known that it is ready to cut production if Iran will agree to freeze it. Therefore, return to show the node to the central that had wrecked negotiations to direct as to the high prices of crude oil already in the last April. On Friday, the price of petroleum had been torn down (-4%) from the feeling that this time also we never get anywhere, but the availability of saudi arabia is to recover the prices: Wti moves into the area 445 dollars per barrel, Brent to share 46,7.

As a note Bloomberg, in the week ending September 20, the operators are back to bolster the positions “short” on oil, betting and then a new decline in prices and, implicitly, about the failure of the discussions within the Opec: “oil prices will have a big influence on the stock markets in this first part of the week, writes Angus Nicholson of the broker IG. “There is uncertainty on the ability of the members of the cartel to the manufacturer to find an agreement”. the Milan confirms to be heavy, even if you move away from the minimum, with a decline of 1.6% in mid-day. The sales affect the energy sector and a good part of the banks. The index of the raw materials of Square Business loses more than 2 percentage points, that of credit institutions over 3 points. Even abroad, the financial sector is most affected, so much so that Deutsche Bank plummets to lowest levels in 24 years. Escapes to declines Mps, on the day of the board of directors with Marco Morelli. Weak Rcs while the assembly decreed the way to the era of Urban Cairo. To follow even Recordati, which is rising on the items of interest on the part of the chinese. Slip clearly the other with London in red 1%, Paris 1.5% and Frankfurt 1.4%.

The trend in the price of oil: after the recovery of August, is back with uncertainty

in Asia, the trade went in the store, at the sign of weakness, with the Tokyo Stock exchange down: the Nikkei fell 1.25% to quota 16.544.56, with a loss of 200 points. On the currency markets, the yen has treated stable below 101 to the dollar, and the sales on the list have mainly focused on the portfolio of securities linked to the export.

The day the macroeconomic (agenda) is full of ideas, waiting for the debate in the United States between Hillary Clinton and Donald Trump, the candidates for the White House in the elections of early November, the outcome of which could open up scenarios opposite to the markets. In Germany the Ifo index, which measures the expectations of businesses beats expectations and rises to 109,5 points in September, compared to 106,3 in August. The market estimated an index of 106.2. Negative the publication of the Istat retail sales, which fell 0.3% in July. The domestic consumption, which have been the engine of the weak recovery of the tricolor, are results lately in trouble: are numbers important on the eve of the Cdm that will need to approve the update to the Document of economy and finance, with the new forecast of the government for the Italian economy. Always according to Istat, then it indicates that the Italian export towards the non-european countries rose in August 2016 of 0.9% compared to July and up 11% compared to the same month of 2015 in the raw data. To report the intervention of the governor, Mario Draghi to the european Parliament for the usual audience on a quarterly basis. In the Usa, also, you are waiting for the data on sales of new homes, and manufacturing index for the state of Texas.

change the euro-dollar is in slight appreciation, with the currency of the Old continent that swap to the 1,1228 greenbacks. Bad Turkish lira, which weakens sharply after the downgrade of the Country by Moody’s during the weekend, that sends in the suffering, the daily Istanbul Stock exchange. The spreads between Btp and German Bund is stable just below 130 basis points, with the yield of ten-year Italian 1.2%.

Burdened by the energy sector, the session last Friday at the Wall Street is finished in the fall for the first time after three in a row on the rise; the week still ended with a positive balance, in the wake of the decisions taken Wednesday by the BoJ and the Fed have convinced the operating rooms. On Friday, the Dow Jones has lost 0.71%, the S&P 500 has sold the 0,57% and the nasdaq has left on the ground 0.63%; but during the week the index of 30 blue chips added 0.8% and the benchmark, or 1.2%, the best performance since the week ended July 15, last year; the technology index rose 1.2%.

gold is finally in the slight decline in asian markets after the gains of last week: the lingotto with immediate delivery, gives 0.3% and passes from hand to 1,334,04 per ounce.