Sitting weakness for European markets pending Dragons – The Republic

Milan – Sitting opposed to the stock of the old continent on the eve of expectation of the ECB meeting. The markets are discounting a new intervention of Mario Draghi in support of economic recovery, probably through an expansion of Quantitative easing, the plan for the purchase of securities on the secondary market, and perhaps even a cut in deposit rates I come down to -0.2%. The lists, however, remain prey to volatility for the words of the Federal Reserve, Janet Yellen , on US monetary policy in view of the close rate scheduled for mid-December.

L ‘ € closed down at $ 1.0569, near the lows of the day. The greenback also advancing to 123.42 yen, is supported by the statements of Dennis Lockhart , president of the Atlanta Fed, according to which only a “drastic” deterioration in the economic justify a delay on ‘announced monetary tightening. Milan Stock closed down 0.08% a volatile session, while London recovers 0.48%, a loss fractional Frankfurt (- 0.54%) and Paris (- 0.04%)%. Down the spread , the difference in yield between BTPs and German Bunds, on 91 basis points, while the Italian 10-year bonds on the secondary market are exchanged at a rate of 1.38%. A Wall Street The Dow Jones sells 0.2%, the S & amp; P 0.3%, while the Nasdaq advancing by 0.1%.

The macroeconomic agenda of the day focuses on inflation Eurozone and the private employment in the US that waiting for the full report next Friday recorded + 217 thousand employees in November against expectations for 192 thousand new jobs. Also increased productivity (agenda markets).

Closing negative this morning for the Tokyo Stock Exchange that leaves on the ground 0.37 percent. After the excitement of the previous day, the session was in the name of prudence, in the absence of important elements, and pending the meeting tomorrow of the European Central Bank. At the end of trade the Nikkei lost 74.27 points and closed at 19,938.13 points, below the symbolic threshold of 20,000 points for the first time since August. The session was very lively with 1.9 billion shares traded on the main market.

In terms of raw materials prices oil accelerate the declines coming to lose more than 2% under 41 dollars a barrel, after the US Energy Department released figures on stocks weekly. Oil stocks increased by far, but analysts expected a figure down. Friday is being held at the Vienna meeting of the ‘ OPEC that will address the issue of the accumulation of stocks and of non-compliance with production limits. Little blur the price of ‘ Gold pending the decision of the Fed on interest rates. Bullion for immediate delivery was trading at $ 1,069 an ounce.

Arguments:

bags European

Wall Street

Asian stocks

spread

gold

oil

ECB

€

Starring:

mario dragons