Bags back to peak. After the collapse of the new Chinese streets, bad start for Milan Stock Exchange and other European markets: the first FTSE MIB marks a loss of 3.21% even though the list has reduced losses and yields less than two percentage points.
The worst among the European stocks Frankfurt that yields 3%, followed by Paris, Londres and Madrid fell by more than 2%. Weighs the new storm Chinese and the oil price, with Eni in Milan stock yields 3.5%. Weak even several banks (Mediolanum suspended, Mps -3.7%), Fca marks a decrease of 3.4%. A ballast markets also concerns over nuclear tests in North Korea and tensions between Saudi and Iran.
Milan. A few titles are saved by sales: in positive Bper ( + 1.5%), Exor (+ 0.5%) and Italcementi (+ 0.4%), in line at Moncler list with a decrease of 5.4%.
China . The negotiations were suspended for excessive downward after only half an hour of trading. The official news agency Xinhua reported Thursday that the trading in Shanghai and Shenzhen have been stopped for the day, after which the shares have fallen by more than 7%. It is the second time this week that the trading on Chinese stock exchanges are suspended for excessive downward.
It ‘was the new Chinese central bank devaluation of the yuan (-0.5%) to send to the carpet Stock markets in the country. A move that has been criticized by many analysts and investors according to which the Beijing authorities would lose control of the situation. A weaker currency, the yuan fell 0.6% to 6.5925 while the one listed in Hong Kong has risen slightly, can in fact help exports but increases the risks for companies indebted in dollars and increases fears that the state of the economy of the country is worse than expected.
The Chinese Central Bank, in an editorial published on the website, it says that can keep the yuan “at a reasonable level of balance” and to cope ‘ those forces that speculate “and” try to capitalize “on the coin. China did not need a “competitive devaluation” of currencies to stimulate export and stabilize growth, says even the central institution. “Although export growth has slowed down in 2015 – he writes – the share of the country in world exports grew still.” There are grounds for a new depreciation of the yuan remains a strong currency, writes.
Tokyo. The new fall of the square of China, the descent of oil and fears triggered by tests Korea’s nuclear nordd also weigh on Tokyo list that stores the fourth consecutive session of decline. The Nikkei index of leading securities closed down 2.33%, its lowest level since October 2015 after the session.
Oil . Fears of an economic situation worse than expected in China and overproduction sent to the mat oil prices have been falling in recent days. Crude WTI gives 4% to $ 32.6 per barrel between strong trade while Brent drops to $ 32.75. For some analysts the threshold of $ 30 is not so far away.
Currencies . The single currency is changing hands at $ 1.077 (from 1.07155 yesterday closing) and 127.30 yen (127.62 yen), with the greenback worth 118.12 yen (118.63 yen).
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