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This entry was posted on August 27, 2015 at 7:10.
The last change is the August 27, 2015 at 18:20.
Monday very black in a final week rose more than sufficient to break the heavy losses of the past days. European stock markets have reached its highest level of the session after US data better than expected, particularly after the acceleration of the US GDP in the second quarter. All major European indices show increases of at least 3 percentage points. The best is London (+ 3.6%). Paris gained 3.4%, Frankfurt 3.2%. It closes near the high Milan stock: the Dow marks the final + 3.39% to 22,201 points and the All Share + 3.21% to 23,845 points (see indexes).
Well even Wall Street, after yesterday’s rally: the Dow Jones index advancing 1.35% to 16,504 points, the Nasdaq advancing 1.53% at 4,770 points. It strengthens the dollar is at 1.1240 against euro by 1.13 marked a few minutes before the statistics released by the US Commerce Department. Only three days ago the euro was rising up to 1.17 on the dollar. Excesses of a high volatility in August, a film already seen many times in recent years.
A Piazza Affari back in fashion Energy
The purchases reward especially mining (+ 7% EUro Stoxx index of the sector) and Energy (+ 6%) . In Milan it is the oil and parapetrolifero to tow the rise thanks to strong coatings of Tenaris (+ 9%), of Eni (+ 6.3%) and Saipem (+ 5.5%) which also has two new official contracts in Kuwait.
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.
BoT, rates unchanged at auction for bonds to six months
> rates unchanged in the auction of the BoT to six months to 6.75 billion offered by the Treasury. The auction was won, inform the Bank of Italy, with a weighted average yield of 0.007% simple, unchanged from the rate of the end-July. The Treasury has offered the BoT expiring February 29, 2016 and recorded a cover ratio of 1.54, down from the end of July (a little more than the equivalent of 10.4 billion BoT semiannual required by the market). At the settlement date, on August 31, are due BoT to six months for about 7.34 billion.
Bounce oil
In August of this sudden ups and downs of the markets, could not miss the rebound of oil. Today is the WTI Brent are rising markedly, with increases of around 5% after suffering heavy declines in recent weeks. Brent is traded around 45 dollars per barrel, WTI has regained share $ 40.
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