Milan – China is the main threat to the fight against deflation and markets fear that the economic situation of the Asian country undermine the global recovery. A rekindling of these thoughts, with the following trend to sell stocks, were the data on the slowdown in prices, reached the 43rd consecutive month of decline. Just a few days ago it was revealed a collapse in imports, clear signs of slowdown in production. In September, according to the Bureau of Statistics in Beijing, prices rose by 1.6% over the same month of 2014, less than 2% registered in August and below market expectations which estimated a 1.8 %. On a monthly basis, inflation was 0.1%.
Even in the Old Continent the macroeconomic agenda is characterized by the publication of data on ‘ inflation in the major economies, including Italy . In France, for example, prices in September fell by 0.4% over August (when it had grown by 0.3%), in line with market expectations. In Spain it was confirmed the preliminary figure of 0.9% per annum. Bankitalia public then the trend of public debt, while the United Kingdom expects the unemployment rate and level of performance of the Eurozone industrial production. In the afternoon, the US will come data on retail sales and inventories of the companies; in the evening, finally, the Fed publish beige book on the state of the American economy, from which perhaps will filter information on the possible rise in the cost of money.
In this context, the EU lists open in fall for the third consecutive day: Milan gives 0.6%, -1% marks Frankfurt, London and Paris -0.7%. L ‘ € is up slightly against the dollar: the euro is trading at $ 1.1394 share, while yesterday, according to the survey of the ECB, was trading at $ 1.1374 share (after touching day to a maximum of 1.141). The spread between the BTP and the Bund to ten years on the open positions of yesterday’s close at 106.9 points with a 1.63% yield. Yesterday evening is emrso which joined the 87% of the share takeover bid on Pirelli: a window will serve further to exceed 90% and start the delisting.
Already on Tokyo Stock Exchange The trading day was over in the ground strongly negative: thanks to the weak closure of the American markets, the Nikkei is set back 1.89% to 17,891 points. In Japan, the index of producer prices recorded in September, a decrease of 3.9% on an annual basis from the previous -3.6%, while on a monthly basis the data showed a 0.5% decline from -0 , 6% in the previous survey. Expectations were for a decline of 3.9% YoY and 0.4% MoM. Drop in on final for Shanghai , with a fall of 0.93%. Sitting down yesterday for Wall Street , with a season of quarterly that goes live but puts pressure on US companies: the Dow Jones lost 0.29%, the S & amp; P500 0, 68% in 2003, and the Nasdaq 0.87%. Miscalculated by JP Morgan, which has fallen short of expectations, while Twitter, also rose by more than 6% during the session, he has gained in closing a more modest 1% after announcing the dismissal of 8% of its employees.
Finally, with regard to raw materials, the oil it is stable, but affected by the IEA report, which states that the excessive supply in the markets are set to continue next year too . On Asian markets, Light crude futures WTI shifted up 10 cents at $ 47.76 and Brent go up 7 cents at $ 49.31 a barrel. L ‘ Gold meeting the highest since early July in Asia to $ 1,174.81.
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