Milan – 12:30. China and oil continue to threaten the western stock exchanges and every day away waiting second squeeze on interest rates by the US Federal Reserve: if until a few weeks ago, it was considered a likely rise between January and March, now we must probably wait for April first Janet Yellen decides to move again. On the other hand, the situation remains tense on the macroeconomic front, despite the US recovery is good.
In terms of raw materials continued to fall relentlessly oil : the Light crude futures WTI yield almost a dollar and are ready to break down the threshold of $ 30, which had not happened since 2003 when the share WTI touched $ 29.66 in December, while Brent reached $ 29.95 share the following April. For the moment, Brent updated lows from 2004 to $ 30.5. Behind what appears a retreat unstoppable there are excesses in supply, the possibility that Iran will return soon to export and – above all – the slowdown of the Chinese economy. In key Fed, there is to be registered as the strengthening of the dollar on the currencies of emerging countries – and in particular the yuan – makes it more expensive crude oil.
Today, after new thud Eve, the Squares Asian closed slightly higher: Shanghai has gained 0.2% and Shenzhen 0.4%. A calm tempers certainly contributes to stabilization of the yuan for the third consecutive day: the Chinese central bank has guided slightly lower exchange rate of the yuan to the greenback, after two consecutive reinforcements by lowering the price by a fluctuation band of 2%.
In Europe lists accelerate mid-day, and Milan Stock is strengthened to 1.5%, in line with other major markets Old Continent: London salt 1.5%, Paris 2.3% and Frankfurt 2.5%. From the macroeconomic point of view the day discharge of significant events, net of industrial production in the UK, which is set back by 0.7% monthly in November. In France, the Central Bank has left unchanged the estimate of GDP growth to + 0.3% in the fourth quarter. A level of Eurozone , Ifo, Insee and Istat estimate a recovery at a moderate pace: the GDP is expected to increase by 1.5% in 2015 and 0.4% in the first and second quarter economic 2016 . In the US, the index NFIB (National Federation Of Independent Business), which measures the sentiment of small businesses, stood at 95.2 points in December. The previous figure was equal to 94.8 points and analysts had estimated 95.4 points.
Treasure it has sold all 7 billion euro a year of Bot with falling interest rates. The average yield fell to -0.074% -0.003% from last month. Slows the question with a coverage ratio equal to 1.38, from 1.65 the previous year. Meanwhile, the spread is stable at 104 basis points area with BTP to 10 years on the secondary market make 1.61%. The euro was little moved at $ 1.088.
In the morning, Tokyo has filed the sixth in a row despite negative closing yesterday the Japanese list had remained closed for a day of celebration. Today, the Nikkei index lost 2.71% to 17,218.96 points, the lowest level since last September. A streak that long in beginning of the year has not been seen since the creation of the Japanese stock market in 1949. On the markets were weighed concerns about the Chinese economy and the continuous fall in oil prices.
The session yesterday evening at Wall Street is over countered, but after the worst week for four years now, the American stock has been able to stabilize. Thanks to an acceleration in the final, the indexes have rebounded with the Dow Jones and S & amp; P 500 able to recover, although it fractionally, after losing share for three days in a row. The Nasdaq, however, scored the eighth consecutive session down, as far as content. The Dow Jones gained 0.32%, the S & amp; P 500 rose 0.09%, while the Nasdaq slipped 0.12%.
The prices of ‘ gold I am up in the Asian markets where the precious metal benefits from market volatility: bullion for immediate delivery gained 0.4% and is trading at $ 1,098 an ounce.
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