markets
Milan , August 24, 2015 – 06:56
Fear of a sharp and sustained downturn in the Chinese depresses again markets. Panic spreads among investors to start trading from the Asian markets which recorded all decided markdowns. The Nikkei in Tokyo closed down by 4.61%. The Shanghai Stock Exchange eventually leaves on the ground 8.5%, below the level of the closing of December 31 last year and thus eliminating all the gains of 2015. Also hurt all other Asian markets.
Europe
Fear Asian markets is transmitted inevitably also those in Europe. Sinks in the opening session of the Milan Stock Exchange. The FTSE MIB gives opening 3.62% to 20,936 points, before recovering slightly to -3.2%. Also hurt the other main lists of the Old Continent. Paris gives 3.5 %%, Frankfurt and London 3% to 2.6%.
Economics of China
As mentioned, the investor concern is fueled by the uncertainty that surrounds the future of the Chinese economy. Beijing, the engine of global growth, marked the lowest growth since the nineties in 2014 and has further slowed the espansone 7% in each of the first two quarters of 2015. The devaluation of the yuan has been read as a willingness to support the ‘exports while the panic has been fueled by the collapse of Chinese manufacturing index in August.
Oil
Fear of slowing Chinese economy and the stock market crash in Europe and Asia send to spike the price of oil, which is already going through a bearish trend for excess supplies markets. In Asia, the future of light crude WTI and Brent down to a minimum of six and a half years, respectively, $ 39 and $ 44.24 per barrel.
spread
And the sharp decline of the stock is also reflected on the progress of our government bonds. After the stormy start of the markets, now the BTP-Bund spread travels at 134.50 basis points, after peaking at 137.47, compared to 125 points on Friday. The performance of our titles is all’1,9055% under a base rate of German securities at 0.5605%.
24 August 2015 (modified August 24, 2015 | 09:37)
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