Bag, Europe opens upward – BBC

markets

Milan , January 13, 2016 – 10:46

     
     
 

Opening with a good upside for European stocks and the Milan Stock Exchange, led by purchases securities of banks with the negotiations between Banco Popolare (+ 3.5%) and BPM (+ 2.83%) at an advanced stage. In Milan the FTSE MIB rises by 1.2% while the FTSE All Share index advancing 0.92%. Paris should be even better (+ 1.4%), Frankfurt + 1.5% and + 1% in London. Sull’azionario Milan holding forth the merger between Banco Popolare (+ 6.45%) and BPM (+ 4.96%): according to the latest rumors, the project would be well advanced. Meanwhile it remains in the field also Ubi (+ 2.42%) and today there would be scheduled another meeting between the top management and advisors to discuss the hypothesis of integration. Leaps of 3.99% MPS dating from historic lows, while Bper salt of 2.97%. Continued recovery of Carige (+ 5.94%) after + 7% of the vigil and the wave of sales that have struck in recent days. Well all the other banks with Intesa to + 2.26%, + 1.84% Mediobanca and Unicredit + 1.25%. Thus continuing the rebound indexes after a start to the year marked by very heavy international tensions and worries about the slowdown of the Chinese economy.

Bounce the oil

To encourage optimism data better than expected China’s exports, helped by the weakness of the yuan. The foreign exchange market, the euro changed hands for $ 1.082 ($ 1.0833 yesterday in closing) and 127.97 yen (127.56 yen from), while the dollar / yen is at 118.29 (117, 72). On the oil front, after a brief foray below $ 30 a barrel yesterday, WTI is treated rising 1.94% to $ 31.03 per barrel. The general climate, then, seems improved, although there are international tensions and thanks to reassuring given that Chinese exports in December was down 1.4% against market expectations which were for a -8%.

In Tokyo the first sign most of 2016

As for the Asian markets, is to report the first closure of the year in positive territory for the Tokyo Stock Exchange: the Nikkei index, in progress since the beginning, has closed the session at 17,715.63 points, up 2.88%. Closing rising for the Stock Exchange of Hong Kong with the Hang Seng Index at 19,934.88 points (+ 1.13%) were closed in negative the Shanghai Stock Exchange (-2.42% index CSI) to Due to the volatility of the yuan and fears about the Chinese economy: the Shanghai index has lost 17% since the beginning of the year.

January 13, 2016 (modified January 13, 2016 | 10:50)

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