Milan – Tests rebound for the European markets, splashing in recovery after a first part of week full of weakness. And ‘the last act of a quarter that is delivered to the archives as one of the worst in recent years: according to the calculation of Bloomberg before the uncertainty about Greece, then the crisis of China and therefore the volatility related the rise in US interest rates have eroded by global lists 11 thousand billion dollars of value. These rumors of tension recently joined the collapse of raw materials and the companies in the sector, sales in the biotechnology sector in the US and the slowdown in emerging markets. For the index MSCI Asia Pacific, representative basket of the eastern portion of world equity, September was the fifth consecutive month of declines, worst black stripe from the financial crisis of 2008.
As mentioned, however, today the European stocks are rise, as well as the future of Wall Street. Milan start the trading day with a 1.6%, as strong as the other main lists of the Old Continent. Frankfurt rises 2.1%, London 1.6% and Paris 1.95%. Rebound convinced, at the beginning, for Volkswagen that also drags on the Milan Stock Fca.
In the morning, the Exchange Toko has recovered part of the slip of the vigil: the Nikkei rose 2 , 7% to 17,388.15 points on top of the day. Positive also the other Squares Europe, with Shanghai which added 0.8% and Hong Kong in the recovery of 1.6%. “We expect high volatility, with the authorities of the Asian countries that are struggling to cope with the slowdown in growth in the region; and even weeks and months of debate on the prospects of Fed monetary policy,” said the US Agency Sean Callow, currency expert in Sydney. For him, the trend in the coming months will inevitably be a strengthening of the dollar against the competitors. Today ‘s € is strengthened against the dollar and yen rising, respectively, 1.1256 and 134.81.
On the macroeconomic front, there is a decrease of 0.5% of Industrial production in Japan in August compared to July (-0.8%). In Europe, the index that measures the price of houses in the UK in September rose 0.5% on a monthly basis (+ 0.4% in August) while on an annual basis, growth was 3.8% compared to + 3.2% in August. Disappointment from German retail sales : fell by 0.4% in August, against expectations for a + 0.2%. In France, consumer spending in August grew by 1.6% on an annual basis and no change on a monthly basis, roughly in line with expectations. The major findings are however coming: unemployment in Italy, Germany and the eurozone, inflation again in Italy and in the single currency zone, new jobs ADP in the private sector in the US. All data that approach the publication of the report on the work in the States on Friday (the agenda). Opening down to the spread between Bund and BTP. The differential marks share 111 points against the 113 of yesterday’s close. The yield expressed by the Italian ten-year amounted to 1.71%.
Among the raw materials, origin of the weakness of many titles of large mining companies, prices continue to fall for the oil , with Brent that yields 0.52% to $ 47.98 per barrel, and WTI which yields 0.73% to $ 44.9 per barrel. Closed mixed last night, for Wall Street with the Dow Jones gained 0.3% to 16,049.13 points, the Nasdaq scored from -0.59% to 4517.32 and the S & amp; P 500 rising 0.12% to 1,884.
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