Milan – Continue the markets eagerly waiting for the decisions of the Federal Reserve: Tomorrow begins the meeting of the US central bank on Thursday will spread the verdict on rates. The cost of money, which is not raised since 2006, has a 30% chance to be revised upwards, according to the Fed Funds that anticipate future changes in monetary policy: the proportion rose slightly from 28% in recent days, but in early August it was above 40%. Anxious about the verdict of Washington, markets serving the weakness that comes from the East, where China remains a concern despite the measures announced by Beijing, which has for example tackled the major reform of state-owned companies. The Bank of Japan has meanwhile left unchanged its intervention in favor of the economic recovery, leaving in fact the government of Shinzo Abe the burden of fielding the reforms and cuts necessary to revive the Rising Sun still struggling. The BoJ will maintain the goal of expansion of the monetary base to 80 thousand billion yen, less than 600 billion euro.
The EU lists live a volatile day and accelerate the final. Milan stores the day rising 1.62%, Paris rises 1.32%, Frankfurt of 0.76% and London 1.06%. In the spotlight the auto sector: the European registrations rose 11.5% in August, with Fca which has increased the share to 5.1%. Wall Street , recovering from a session low, is recovering despite the disappointing data on retail sales and industrial production in the US. Indeed, precisely the uncertain data the day before the Fed pushing investors to believe that there will be news from Washington. When European markets closed, the Dow Jones index advancing 0.9%, the S & amp; P 500 grew by 0.8%, Nasdaq rises 0.7%.
Stock Exchange Tokyo closed higher although the low end of the day, after three minus signs: the Nikkei gained 0.34% to 18,026.48 points (+60.78 points the previous close). The BoJ said that “the Japanese economy continues to recover moderately”, while “industrial exports and imports are affected by the slowdown in emerging economies.” Still difficult session Shanghai , where the list in the red by 3.52% in line with the result of yesterday; Red heavier Shenzhen, which yesterday lost more than six points and is now back almost 5%.
France , inflation reaches + 0.3% in August while it remains firm on year and ends well below expectations. In Britain, prices rallied 0.2%, always in August, and have remained stable over year. From Germany we note the decline in the ZEW on German business confidence, linked to the crisis in the economies of emerging countries: the index fell to 12.1 points in September from 25 in August, marking so the sixth consecutive drop and moving below the estimates of the market, that it expected a more modest decline in share 18.3; Meanwhile, also in July, the German economy recorded around 5.4 million workers in the manufacturing sector employees in companies with more than 50 people, up 0.8% compared to 2014, amounting to 43 thousand units. In the Eurozone, Eurostat notes that in the second quarter of 2015 the employed increased by 0.3% in the EU and by 0.2% compared with the first quarter (+ 0.2% and + 0.3% respectively). In Italy, employment increased by 0.2% over the first quarter and 0.3% from a year earlier. Always the Statistical Community then communicates that in July the trade in goods of the euro area recorded a surplus of 31.4 billion compared to 21.2 billion a year earlier. In the US retail sales rise 0.2% in August – in line with expectations – remains weak while the Empire State index to -14.6 points.
‘ € close to a low of $ 1.1268 session after the above share 1.13 at midday. Little blur the spread between BTP and German Bund. The differential marks share 114 points. The yield is expressed 1.88%. The director of the Treasury, Maria Cannata, said that for this year there are no new issues of Italian BTPs. As for commodities, the price of the oil comes rising in New York. Forecasts of a drop in production in 2016 contained in recent reports of IEA and OPEC support purchases that remain tentative because of fresh signs of a slowing Chinese economy. Light crude WTI gained 44 cents to $ 44.44 a barrel, London Brent crude slipped 27 cents to $ 46.64 a barrel.
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