the MILAN - Milan closes a decrease of 0,73%, while the Monte dei Paschi cashing in with a fall of 10% the negative response of the Ecb at the request of having more time to launch the capital increase from 5 billion relying only on the resources of the market. The oldest bank in the world slips towards the need of public intervention for its safety. The entire contents of the banks of Piazza Affari comes to lose four percentage points, after the news. For the Bag in milan, note Vincenzo Longo of Ig Markets, it’s still a week more than positive: the gain is more than seven percentage points, and not seen since 2011. Closures in cautious rise for other european stock Ex changes: Frankfurt +0,22%, London +0,33% and Paris +0.6 per cent. L’euro: closes down below the threshold of $ 1.06 after the Ecb (1,0533 to be precise), while the the spread between Btps and German Bund dates back to 170 basis points and the ten-year Italian returned to make more than 2% on the secondary market.
Wall Street is still to the upside, after you have printed a sketch of a record with five indices (Dow Jones industrial average, Dow Jones transportation, S&P 500, Russell 2000, and Nasdaq) to the highest ever. Today, when the european markets close, the Dow Jones climb by 0.3% as the S&P500, while the Nadaq added 0.45%. On the international markets, the climate remains optimistic. Also waiting for the Ecb meeting Mario Draghi, who on Thursday afternoon decided to extend the Quantitative easing to around 2017, but by initiating a slowdown in the amount of monthly purchases of securities, does not detract from the mood bullish in the financial markets. The users are divided in the judgment on the moves of the Eurotower: for some it is important to the beginning of the closing of the faucets, but for others, it prevails the fact that the purchases have been extended for nine months, and that Draghi has proved to be absolutely ready to rialzarne the amount, i f necessary.
From the front of the macro, you record the cutting on the part of the central Bank of France estimates on economic growth for this year and next, due to this effect a Brexit on the global economy. “The outlook is particularly suffering,” reads the press release due to the worsened external conditions for France, in particular related to the Brexit”. The growth of 2016 and 2017 is reduced by 1.3%, against, respectively, 1.4% and 1.5%. The trade surplus of Germany is slightly down in October compared to September, amounting to 20.5 billion, according to data from destatis. The trade balance had recorded a surplus of 21.1 bn in September. In October, exports rose 0.5% on month and the import of 1.3%. In the Us, consumer confidence rose above expectations to 98 points in December, while inventories fell 0.4% in October, in line with estimates.
the raw materials oil is back under the spotlight because the cartel of the Opec countries meet Saturday in Vienna with the neighbouring Countries, but external to the sign itself: on the plate the allocation of cutting production, with investors over to the window to see how much concrete will be the date of the agreement announced in Algiers, and then – a few days ago, again in Vienna. Closing of stock Exchanges in the Eu, the Wti climbs by 1% to 51.4 dollars per barrel.
Data positive contributions came from the economy of China, where it rose to 2.3% inflation in November, increasing for the third month in a row. The figure is slightly above expectations of inflation to 2.2% but still below the threshold of 3% that the government does not want to overcome, and that gives Beijing room for manoeuvre in monetary policy to support the economy. The Tokyo Stock exchange has closed the week higher, with the Nikkei that has followed the record of the stock indices on Wall Street: for the first time since the end of December 2015, the Nikkei has reached 19.000 and then fall back, closing with an increase of 1.23% per share 18.996,37, by adding 230 points. On the foreign exchange market, the yen has recorded a write-down of almost 1% in the entire week, to share 114,40 on the dollar.
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