Bags down, sinking the Milan Stock: -5%. Flurry of suspensions, collapse still banks – The Messenger

NEW YORK – Key to peak yesterday on all markets, on a day in which the frenzy of sales It gained strength while the needle Stock Exchange moved from east to west, infecting one after the other all the major lists. European and Italian banks have become targeted by speculators, and the Milan Stock attack recoils 7% the whole sector, while Montepaschi loses 22%. Asked whether Italian banks are really under attack, Antonio Patuelli, interviewed during transmission Virus aired tonight on Rai Due, answer: “I think so, yes, there are situations that explain this recent high volatility in the markets, powered by platoons of crows that clearly are implementing a move to the bottom ‘. On the international scene is also concerned that some of the currencies pegged to the dollar as that of Hong Kong and Saudi ryial are at the limit of the estate, and next to breakage unforeseeable consequences.

The losses were still contained the closure of Shanghai yesterday morning (-0.1%) despite the confirmation of the previous day of the Chinese economy slowing and warnings contained in the IMF report on the performance of the global economy. The first slip has been to Tokyo, where the Nikkei sold 3.7% in the wake of oil prices that had come floating down. Before the end of the day falling by nearly 7% of the value of black gold below the threshold of $ 27 a barrel it dragged all European markets towards a precipice in which they were sacrificed 233 billion of value. In Milan head, sunk (-4.8%) from the attack against the banking stocks, followed by loss of 3.4% in Paris, 3.4% in London and 2.8% in Frankfurt. All the major banks in the world are under pressure at the moment for the portion of banks that granted to those who invest in energy. Exposure to institutions that Americans have an average 3-5% of the portfolios. It is feared that a slice is not clear when these credits may become short uncollectible and should be booked as a loss. The biggest question mark is also the destination of thousands of billions of liquidity that several central banks have dispensed in recent years in an attempt to revive their economies. The risk is that the bubbles that have driven the recovery in recent years are still hidden and that may come to the fore bursting.

THE INFECTION
 But in addition to these suspicions and obvious contagion sales, many analysts gathered in Davos for the annual meeting of the World Economic Forum called for calm, and try to point out that the slowdown in China is not a collapse, and that the same IMF sees signs of strength in Europe and the US. The chief economist of the IMF Maurice Obstfeld said that “there is an excessive reaction around the trend in oil prices.” Contract negotiations for oil due yesterday in New York have ditched the cost of crude oil to $ 26.55 per barrel, with a loss of 30% since the beginning of the year.
 The S & amp; P 500 has moved in concert burning in three weeks 2,000 billion capitalization, slightly less than the annual value of the Italian GDP. At the close, the Dow Jones lost 1.5% and the Nasdaq just 0.1%. A volume twice the average of exchanges with 3 billion shares changed hand does wish that bedding is heading to an end, and that calm can return soon to dominate the market.

 21/01/2016 08:16:26

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