MARKET
Milan , September 9, 2015 – 09:15
After the jump Tokyo (+ 7.7% to the highest since 2008) and the assurances of the Chinese government on the economic front, European stock markets have experienced a day throughout the upside even though they closed at the low of the session. In Milan, the FTSE Mib so rallied final 0.84% driven by Buzzi Unicem (+ 3.4%), Campari (+ 3% with the buy of Deutsche Bank) and Telecom Italy, rose by 2.8 % after the indication of another increase (from 14.9% to 15.48%) of the participation of Vivendi. In line at the list, however, St (-4.4%) after the CFO Carlo Ferro expressed – during a presentation to analysts in New York – concern for the development of stocks in China. On the rest of the list has still progress Pininfarina (+ 1.9%, after having reached almost 10%) pending agreement for the sale to the Indian Mahindra. It was better Cac 40 index of the Paris Stock Exchange which closed up 1.44% to 4,665 points and the London Stock Exchange, with the FTSE 100 has gained the ‘+ 1.35% in 6229 points, while the Frankfurt Stock Exchange has almost completely wiped out gains with the DAX index which closed at + 0.31% (10,303 points). On the currency market, the euro traded at $ 1.115 (1.1184 yesterday) and 134.9 yen, while the dollar-yen goes back portion 121.
The positive wind of the East
The day was opened in full euphoria. Boom Tokyo, up by more than a thousand points (with the Nikkei index in proportion 18770.51, + 7.71%), the largest since 2008, had come too close to the record for Exchange of Hong Kong the greatest leap in nearly four years: iindice Hang Seng rising 4.1% to 22,131.31 points, the most consistent from 1 December 2011. According to analysts, after the fall of almost 30% from the index its April peak, the relatively low valuations of the securities have attracted bargain hunters. Recovery in the other bags of Asia and the Pacific: Shanghai (+ 1.55%), Shenzhen (+ 2.23%). So even in Europe the start was sprinting, with the Milan stock up by 2%. Then the increases, until closing, have halved. Finally, close to 115 basis points, the spread between BTPs and German Bunds, with the rate of ten-year Italian 1.85% on the secondary market. The differential Spanish instead ends the session at 140 points.
September 9, 2015 (modified September 9, 2015 | 18:11)
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