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This article was published on Dec. 21, 2015 at 9:06.
The last change is the December 21, 2015 at 17:17.
The stock markets of the Old Continent are confirmed to slightly higher after the start of Wall Street, with Madrid confirming the slip (Ibex index -2.4%) in the aftermath of the election outcome uncertain from which comes out a clear government majority. Wish List Spanish bad especially the banking sector with the tension on government bonds (Banco Caixa popular and -6%, Sabadell -4%) and even groups of energy (Repsol -6%) on weak oil prices. The other European markets remains positive: Milan after a volatile start is Legero upside (here the FTSE MIB in real time) like Frankfurt, Paris and London.
The session on Wall Street opened in upward . While continuing to digest the historic decision taken by the Federal Reserve on Wednesday, when it raised rates for the first time since June 2006, investors are preparing for a short week but not without macroeconomic cues. This means that the lists will react to incoming data with greater sensitivity ‘given that the volumes will be thin. On Thursday, the US stock market will close three hours in advance and will be closed Friday for Christmas. The catalyst continues to be oil, with Brent crude fell to its lowest in July 2014 and WTI at the low of February 2009.
Spread Spanish rising
The Madrid Stock Exchange continues in sharp decline at mid-day, a decrease of two percentage points after losing 3% also in opening . The contagion has not happened and the other major stock exchanges are rising. There is a little ‘tension also spread on Spanish, grown to 133 basis points with the yield has jumped from 1.70% at the opening on Friday to 1.90 percent. Lower the impact on bonds of other peripheral countries: the differential between German Bunds and Italian ten-year bonds stood at 108 basis points from 104 the previous Friday but then fell.
Focus Square Business
In Milan the title runs RCS Mediagroup which opened above the threshold of 0.50 EUR just been disseminated the guidelines in the new business plan developed by CEO Laura Cioli and which already in 2016 net profit and cash flow in positive territory.
Italian Post falls on the day of the debut in the index FTSE MIB instead of Ansaldo Sts. Enel withdraws after signing the contract with Ep Slovakia to cede 66% of Enel Production in Slovenske Elektrarne for 750 million euro. Eni rise, the bank and Fiat Chrysler.
Changes and oil
On the exchange rate front the euro changed hands at first, $ 0,871 (1,084 Friday) and 131.93 yen (131.71), while the dollar-yen stood at 121.29 (121.42). Oil (wti maturing in February) share $ 35.68 a barrel, down 0.38%. The barrel of Brent, the benchmark crude from the North Sea came to mark new multi-year lows, to $ 36.17 in morning trade, recorded a value not seen since July 2004. Pushups who continue to suffer from excess It offers that for many months involving markets, combined with the general purpose of the “Supercycle” of raw materials, tied hand in glove with the weakening of emerging economies, and which in recent sessions has added the stronger dollar triggered by the rise of interest rates by the Federal Reserve. Late morning Brent was down 31 cents compared to the end of last Friday, to $ 36.57. In hours trading on the New York Mercantile Exchange the barrel of West Texas intermediate yields 29 cents to $ 34.44.
The fall might continue and much, to heed the bearish predictions that have multiplied in recent weeks, especially after OPEC, the cartel of oil exporters has again shown divisions and an unwillingness to give a close to the offer to lock the declines. For example, according to Goldman Sachs is possible that the barrel end at $ 20 in the year that is about to open.
Maxi cut for Toshiba, Tokyo down
The Tokyo Stock Exchange closed down again today because of the recovery of the yen and weighed down by announcements from Toshiba that provides a record loss and will cut 6,800 jobs. The Nikkei index, which had already lost 1.90% Friday, sold 0.37% (-70.78 points) to 18,916.02 points.
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