Thursday, August 27, 2015

European stocks marked rise, Milan + 2%. Dodge Shanghai (+ 5.3%) – Il Sole 24 Ore

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This entry was posted on August 27, 2015 at 7:10.
The last change is the August 27, 2015 at 24:21.

Milan Stock abandons uncertainty and salt with the decision at the end of the morning: the FTSE MIB gains 2.46% and back above the 22,000 points and the All Share 2.37% to 23,649 points. There is euphoria on all European markets (see indexes), after an excellent session of the Asian markets and in the wake of yesterday’s close on Wall Street, as he leaves the possibility of a rate rise in the US. Only increases among the “big” of the square in Milan, led by the MPS (+ 4.76%) and Eni (+ 3.41%). Saipem (+ 3.48%) continued the race started yesterday with the restart of the m & amp; in the industry. Strong gains for all banks: Intesa Sanpaolo rise (+ 2.97%), Unicredit (+ 2.76%) and Mediobanca (+ 2.43%) but also Ubi (+ 2.37%) and Banco Popolare ( + 2.69%). Nearly 2% General (+ 1.97%), which has announced an agreement with the American Obi in “mobile”.

They run, energy, also Tenaris (+3.27 %) and Enel (+ 3.3%). On Fca (+ 2.72%) and Finmeccanica (+ 2.25%); well Telecom (+ 1.25%) and Mediaset (+ 4.23%). Rise luxury stocks, encouraged by the positive results announced yesterday evening by Cucinelli (+ 3.14%): Ferragamo marks + 3.04%, + 2.29% Moncler, Tod’s + 4.05%. Always just moves World Duty Free (+ 0.1%) and Pirelli (+ 0.07%), both the subject of takeover bid.

Outside the FTSE MIB, RCS (+ 0.05%) can not find the rebound after the slip following the publication of accounts

They extend their rise in the other lists of the Old Continent with Frankfurt climbing guide (+ 3%). Madrid well (+ 2.5%), Paris (+ 2.9%). It remains a thread back London (+ 2.2%). Meanwhile, the euro returns to weaken against the dollar and is changing hands at 1.1289 euro, when in the opening was above the threshold of 1.13 and yesterday morning was on a level of 1.15. Starts to climb the price of oil, with the WTI in New York, up by 3.55% to $ 39.97 per barrel.

China introduces new liquidity and remodeling down the renminbi
Asian markets all in sharp rise at the end of the session. The monetary easing measures decided by the Central Bank of China (today new injections of liquidity by 150 billion yuan) seem to have stopped the wave of sales and purchases were supported by the positive performance of Wall Street, due to less and less likely that the Federal Reserve raise rates in September, as expressly admitted by the chairman of the New York Fed, Bill Dudley. The People’s Bank of China also announced it had cut the reference rate of the yuan against the dollar to its lowest level in four years (as of 2011) to 6.4085 yuan. This is a decrease of 0.07% from the day before. The Chinese Central Bank has, however, carefully refrained from using the term “devaluation”, claiming to have simply changed the way of calculating the reference rate of the yuan in order to reflect “more truthful” the value assigned by the market.

Dodge Shanghai, well the other Asian markets
After five sessions in red the Shanghai Stock Exchange came back positive. The meeting today is in fact finished up by 5.3% to 3,083.59 points. Even the Shenzhen Stock Exchange closed with a rise of 3.3% to 1,752.21 points. Sitting soaring even for Hong Kong the Hang Seng index ended the trading day with an increase of 3.6 percent. Seoul advancing 0.73%, Sydney closed up 1.17 percent. Closing rising even for the Tokyo Stock Exchange, which consolidates the positive session yesterday: the Nikkei index ended the trading day with an advance of 1.08% to 18,574.44 points while the broader Topix index rose dell ‘ 1.45% to 1,500.41 points. Today’s session has been extremely active with more than 2.8 billion shares traded on the main market.



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