the Handbags all over for a few hours. Then Piazza Affari gira in the negative. Prices of government bonds, instead, immediately down. Those less reliable, but not only: also the prices of the Bund fall, while the yield of the long title German dances between 0.35% and 0,37%. Our Btp decades of tears instead of to 2.17% after you have already exceeded the 2% in the session closing of the last week, and the spread (the yield difference with German bonds flies above the 180 points. Here is the effect Donald Trump — but much has the uncertainty in Europe pending the elections and the referendum — in the global financial markets with the sales on government securities and purchases (rather related) on the stock at the opening of a week of negotiations that will culminate on Thursday with the intervention of the president of the Fed, Janet Yellen, in front of the economic committee of the Us Congre ss. Mid-session, the advantage of Square’s Business is canceled and the index of blue chip is in retreat, after having passed upward to the threshold of “psychological” of 17 thousand points.
Us & other
Slow down the pace of the main european stock Exchanges and in view of the start of trade in New York, futures thwarted, positive for the Dow Jones, the index town Wall Street, and negative for the Nasdaq, the securities market and hi tech. But while Milan (0.8%) and Madrid are already in the red, you keep positive even if only slightly in Frankfurt and Paris (+0,21% ) with London (+0,39%). Purchases focus on the banking and insurance industry, with Commerzbank (+5,39%) in the first line, followed by Rbs (+3,72%), Barclays (+3,59%) and by spain’s Bankia (+2,39%), while in Piazza Affari, you will confirm the purchases, Exor (+2,26%) and Mps (+2,35%), thanks to the continuous rumors about contacts with institutional investors potentially interested parties to intervene in the recapitalization.
Down the prices of the Treasury
At the beginning of the trading session in New York, the prices of the securities of american decline, with yields on the rise. Investors who returned to trading after a break for the Veterans Day, last Friday, they prefer sales, continuing on the path taken last week. The yield of ten-year, industry benchmarks, have come to 2,31%, before slowing down the pace of the current 2,245%, still rise from the 2.15% since the previous close. The yield thirty-year have exceeded the 3% threshold for the first time since January, to then descend again, Those two years were up over 1%, the highest this year, before it retraced slightly.
banks, Unicredit marriage and maxi the rise?
in the spotlight at Milan, there is the title of Unicredit. The title there would be only the head-to-head for the subsidiary, the Pioneer among the big French Amundi and the consortium Poste-Cdp-Soul, but rumors of a merger with SocGen group, led by Jean Pierre Mustier in addition to the hypothesis of a large increase of capital from ten billion.
The weakness of the car and utiliy
at the bottom of the basket of over 40 big Square Business there is still a time Italgas (-2,3%), that from the onset the price of a week ago has yielded over 18%, followed by 1.5% of Terna and by 0.4% as Snam that tomorrow will present the quarterly accounts. The prospect of inflation accelerating and interest rates rising, making it less palatable to the stocks of the companies of public services towards which it is’ to act as a significant “sell-off” by some sitting: 0.4% as the index Euro Stoxx sector. In the oil sector, -1% Eni, while the car also, among the protagonists of the first sessions of the was Trump, misfires with Fiay Chrysler (down 2.2%) — while away the possibility of selling the Magneti Marelli and Samsung, now engaged in the acquisition of the rival american Harmann — and Brembo (-1%),
Currency, strong us dollar
The currency market, the dollar consolidates its strengthening on all the major international currency, and marks the highest January on the euro below the level of 1,08. The exchange rate between the single currency and the u.s. dollar stood at 1,0793 from 1,0859 Friday evening. The dollar/yen appreciates by about 1% to 107,57 (106,67), while in the boot are necessary 1,25005 dollars for a pound (1,2605). The euro/yen rises to 116,13 from 115,84. Stable the price of crude to 43,38 dollars per barrel (-0,07%) after the sharp correction on Friday, triggered in part by the strengthening of the greenback but, above all, from estimates to Eia on the production of Opec a record October at 33.64 million barrels a day.
the Bund-Btp spread of more than 180 points, then get back to 176
The spread between Btp and Bund continues to climb to levels not touched in over two years. The yield differential between ten-year Italian benchmark (Isin IT0005170839) and the equivalent maturity German up to the middle of the morning of 181 points, with the yield of the Italian title to 2,17%. In the early hours of the afternoon, however, retrace at 176. Yields on fixed-rate bonds rise when prices fall because the sales outweigh purchases. It also applies to the German bund, which has now touched the tips of 0,37%. At the end of September was in the negative territory. Advances r, the differential between Spain and Germany: the distance between the Bonos and the Bund is 124 points for a rate of 1.61% for the ten years anniversary of Madrid.
November 14, 2016 (change on November 14, 2016 | 15:19)
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