Greek chaos in the spotlight: Bags weak euro down – The Republic

MILAN – 9:30. The new threat of default on repayments to the International Monetary Fund reports Athens under the spotlight of investors. The Minister of the Interior, Nikos Voutsis , has made it clear that Greece has no money to pay pensions and salaries and together deal with 1.6 billion of maturities of loans to be repaid to the IMF in June .

The market welcomed this new step into chaos and treat weak after a start in tight, Milan and worse comes to yield 1.4%, while Paris moves back by 0.3%. Reflections feel on ‘ € , which weakens towards all major currencies competitors and falls below the threshold of 1.1 against the dollar (the currency). It is for more than a Monday through service on international lists, as are closed Squares important as Wall Street (to celebrate the Memorial Day), the London Stock Exchange (Bank holiday), to Frankfurt and Hong Kong.

Greece: chronicle of a bankruptcy announced

The spread between BTPs and German Bunds, thermometer voltage Eurozone in times of risk of rupture of the single currency Part today in slight decline. The yield spread between Italian government bonds and German stood at 124 basis points, with the yield of ten-year BTPs secondary market square at 1.84%. Among individual stocks of the Milan Stock Exchange, sights set on the Monte dei Paschi that starts the capital increase by 3 billion. UnipolSai enters Cornache for nearly 300 million invested in hotels A. At the international level, you look to the affirmation of Podemos in Spain that represents a turning point for the Iberian country, while longer-term expected data on the US economy that will guide the decision of Fed monetary policy: Janet Yellen confirmed that the path is traced to a rise in interest rates during 2015 (the agenda of the markets).

In the morning, the lists Chinese continued their rally ( Shanghai + 3.35% and Shenzhen + 1.9%) and Tokyo Stock Exchange has finished rising for the seventh consecutive session thanks to the data foreign trade better than expected and the weakening of the yen against the dollar. The Nikkei index hit record highs from April 2000, gaining 0.74% (+149.36 points) to 20,413.77 points. The Topix index registered an increase of 0.69%. As mentioned, the Japanese trade balance in April was surprisingly better than expected, with a deficit of just 53.4 billion yen compared to 227.4 billion in March. Well exports + 8% yoy and well imports, which rose from 14.5% in March to -4.2% in April.

As for the raw materials, the price of oil is smooth, after falling last week. On Asian markets, Light crude futures WTI give 2 cents at $ 59.70 and Brent futures retreat from 14 cents to $ 65.25 a barrel. Quotes of ‘ Gold down Asian markets in view of rising interest rates in the US: the bullion for immediate delivery lost 0.3% and is trading at $ 1205 an ounce.

Arguments:

European shares

Asian stocks

Wall Street

€

dollar

Greece

Greek crisis

spread

gold

oil

Fed

bonds

uses

Starring:

Janet Yellen