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This entry was posted on August 28, 2015 at 8:42.
The last change is the August 28, 2015 at 20:31.
When there are just over two hours from the end of the session, the indices on Wall Street expand dramatically declines in reaching its lowest level of the day. The Dow Jones slips of 94.44 points, or 0.57%, to 16,560.33. The S & amp; P 500 lost 8 points, or 0.4%, to 1979.66. The Nasdaq, which was riescito to be rising for most of the session, slipped 7.65 points, or 0.16%, to 4805.34. The oil in October marks a + 6.2% to $ 45.20 per barrel.
The European markets have closed thwarted waiting for indications from the meeting in Jackson Hole, Wyoming, where the location of the central bankers gather activity resumes after the summer holidays. The day has worn smooth with some profit taking, also because of the weak start on Wall Street. Frankfurt closed down 0.17%, Paris gained 0.36% and 0.9% in London. Evil, however, Milan, where the FTSE MIB ceded 0.93% and the FTSE All Share index 0.89 percent (see the indexes).
The sales hit particularly Ferragamo (-5.64%) who paid to have provided weak outlook for the second half of the year after a good first half with earnings and revenue growth, even in China. Undertone even banks with Bper which sold 3.12%. Strong buying instead on oil thanks to the rebound in oil prices that has brought attention to Saipem (+ 4.16%), Tenaris (+ 2.47%) and Eni (+ 0.49%).
With regard to the euro exchange rate is at $ 1.1199, down from yesterday (1.1242) and 135.72 yen (135.72) while the relationship between the dollar and the yen stood to 120.95 (120.71). Sharp rise of crude WTI futures for October delivery rising by 4.7% to $ 44.56 per barrel.
Fischer: too early to say what will make the Fed September
In the absence of the chairman of the Fed, Janet Yellen, the summit in Jackson Hole eyes of all observers to financial his deputy Stanley Fischer. In an interview with CNBC, Fischer said that before the last weeks of market tensions chances of an increase in the cost of money were “quite high.” The Fed, he said, has not yet made a decision because you want to see how will the macroeconomic data coming between now and September 16 and 17, when the Federal Open Market Committee will meet to decide what to do. “We are still considering the recent developments on the global markets”, said Fischer, saying that market volatility may “affect the timing of a rate decision,” but the number two of the Fed does not rule out that the markets return to calm by next meeting of the FOMC.
“Do not budge from an extremely accommodative monetary policy to a tighter,” he continued adding that when there will be, the close will be gradual. “Probably the Fed will wait after a first rise” to see what reactions it will entail. “We do not intend to carry out a rapid rise in interest rates.” Fischer has finally made it clear that the first could be close to 25 basis points. The rates are still at 0-0.25% since December 2008 and are not raised since 2006.
It runs the Shanghai Stock Exchange
Asian markets soaring after the injection of liquidity the central bank of China, who had already helped the lists yesterday, and positive data on the progress of the US economy that drove Wall Street. Tokyo closed up 3%. And Shanghai with a net 4.8%.
The People’s Bank of China (PBOC) has launched today a new refinancing operation brief, lasting seven days, to 60 billion yuan (8.3 billion euro) at the rate of 2.35 %. This is the third intervention made this week after last week PBOC has injected 150 billion yuan into the market.
BTP ten-year rates rising to 1.95%
An important test that related to the auction of government bonds this morning, especially for the ten-year BTP: The benchmark security was placed by the Treasury with a yield of 1.95%, up from 1.83% last July and just above the market level at the time of the auction (1.93 to 1.94 %). According to some operators the level reached by the price of the BTP market would be assessed “expensive”, which explains the rise in yields, but that did not prevent the Treasury to place still 4 billion of securities, compared with a
market demand for a value of over 5.5 billion (1.38 coverage ratio). For the 5-year maturity yield amounted to 0.84% instead with an allotment of 2,000,000,000. The Treasury has also placed a new tranche of CCT eu to seven years to 1.5 billion Euros to 0.65%.
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