MARKETS AND THE CRISIS OF CHINA
Milan , August 25, 2015 – 06:59
Still a new collapse for the Shanghai Stock Exchange on Monday ‘the lost’ 8.49% sinking all world markets. The Chinese stock market closed at -7.62% below the safety threshold of 3000 points. The threshold of 3,000 points for the index of Chinese square was seen by many as a key level, beneath which there was a risk that it would generate the “panic selling”, which then took place. The Central Bank (Peolple’s Bank of China) has injected new funds to 150 billion yuan amounted to 22.43 billion dollars, for groped to stop sales, but that has not produced any result.
Even the Tokyo Stock Exchange closed with a new heavy downward. An attempt to rebound after the heavy losses on Monday it is evaporated in the final with the Nikkei index moved into negative territory by a strong current to achieve. The index of the 225 leading securities closed so 17,806.77 points, down 733.9 points, or -3.96%. At sessions Tokyo has lost a total of more than 8%.
Europe
The new fall in Asian markets, however, does not affect the European stock exchanges that open in all growth. A Milan Stock Exchange, the FTSE All Share recovers 1.76% and the FTSE MIB 1.96%. Similar pattern to Frankfurt (+ 1.86%), London (+ 1.6%) and Paris (+ 1.9%), after which the eve lists had accused sharp falls linked to concerns about the conditions of the Chinese economy. Among the blue chips in Milan, in a FTSE MIB all rising stand bank stocks (+ 2.7% and UniCredit Bper + 2.2%), luxury (Luxottica + 2.3%) and energy (Eni + 2.05%), on Monday between the sectors most affected.
Change
The foreign exchange market, settling in euro at $ 1.1569 ( 1.1606 Monday closing) and climbing to 137.88 yen (137.55), while the dollar / yen and ‘to 119.18 (118.51). As for the market for government bonds BTP-Bund spread down 3.03% to 129.15 basis points, with a stable return all’1,9056% under a base rate of 0.6140 to the Bund %.
Try to stand up, finally, even the price of oil: the October futures on WTI rises 1.18% to $ 38.69 per barrel.
August 25, 2015 (modified August 25, 2015 | 09:31)
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