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This entry was posted on August 24, 2015 at 8:23.
The last change is the August 24, 2015 at 15:26.
Europe is experiencing its worst trading day in 2011 (go to directories). The DJ Stoxx Europe 600 index sank 5.3% while the fear of the Chinese economy, the turmoil in emerging markets and the collapse of the raw materials are unleashing a veritable “panic selling” on the price lists of the Old Continent.
Worse still the Milan stock exchange, second only to losses in Athens on the day of the collapse in Shanghai: the FTSE Mib loses 6.06% to 20,433 points and the All Share 5.94% while the It expects the start of Wall Street expected a sharp decline. Deep red on the entire list, with a flurry of suspensions and re-admissions to trading touching rolling all securities principali.La black shirt at the time, is disputed between MPS (-9.17%) and Yoox (-9.19 %), both still in the volatility auction. Eni also frozen, Intesa Sanpaolo (-6.45%) and Mediobanca (-5.05%), while they are bargaining Unicredit (-6.46%) and Banco Popular (-4.22%). General is firm on the -5.7% and -7.68% on Fca. Also heavy luxury stocks: Luxottica yields 6.69% and 7.45% Ferragamo
Tokyo down -4.61%
The fears about the financial markets and the economy China and the weakening of the dollar against the yen, around 120, sinking the Tokyo Stock Exchange that gives 4.61%, near the intraday low of almost 5%. The Nikkei index burns 895.15 points and down to below 19,000 for the first time since mid-March, up to 18.540,68.I lists of Tokyo have accused the biggest drop in more than two years in the wake of the fears about the increasingly serious prospects of the global economy with the difficulties of China, where the stock markets continue to experience setbacks pure between the attempts of the authorities to curb the “panic selling”.
The thud of Tokyo is the worst since June 2013 and the following – cumulative 5.3% last week: the Nikkei has sold as many as 11% from the peak in June. The yen, considered one of the “safe havens” means to protect your investment, continues to gain ground especially against the dollar, having positioned around portion 120: consequently, suffer from the titles of the most export-oriented companies, such as Honda (- 6.5%), TDK (-5.6%) and Mazda (-7.2%). Nippon Steel & amp; Sumitomo Metal gives instead of 7.1% as a result of the fire that morning heavily damaged one of its plants near Tokyo Haneda Airport. The instability, however, is likely to continue at least until, according to analysts, are clarified the plans of the Federal Reserve to hike interest rates and the real state of the economy of Beijing.
Euro above $ 1.15, new top January
The euro back to sail on the highest level in eight months against the dollar, driven by liquidity exit from emerging markets. The single currency in mid-session was shown at $ 1.1514 (1.1281 on Friday to survey the ECB) after climbing up to 1.1542. The euro is also a good opportunistic in exploiting the internal difficulties of the dollar, which was affected by the prospect of more time than expected to the credit crunch by the Fed. The greenback is in fact set back to its lowest since mid-May against the yen (up to 119.54), from mid-July on the Swiss franc (0.9332) and the end of June on the pound (1.5763). Meanwhile, the euro also share 138.14 yen (138.40 for the ECB Friday), 0.7312 pounds (0.7198) and 1.0787 Swiss francs (1.0765).
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