markets
Milan , January 15, 2016 – 08:45
The price of oil back below $ 30, and the new fall in Asian markets, bringing down European stocks, which have burned 260 billion capitalization. The Stoxx 600 index lost 2.82%, slipping to its lowest in a year ago. Milan, which closed down 3.07%, since the beginning of the year, in two weeks of negotiations, a decrease of 10.4% almost fully offset the earnings of the entire 2015 (+ 13%), sweeping away 46 billion capitalization. But it’s a Black Friday for all lists: Paris recorded a -2.38%, with Renault down another 3.4% after the fall of 8.9% on Thursday. Frankfurt yields 2.54%. London recedes 1.93%, penalized by mining stocks.
The Russian collapse
In Moscow RTS index 5.52% but had come to lose 6.18%, while the index Micex loses 4.31%. Two days ago, the Russian Prime Minister Dmitri Medvedev had said: “Prepare for the worst if the oil goes on like this.” The worst seems to have arrived. A spike even the ruble during the day has sunk to record lows against the US dollar: the dollar / ruble is equal to 77.60, while the cross euro / ruble came to 85 by touching the highs of December 2014 affected 88 .
At the Milan Stock
Between titles, to signal the pressure on all the stocks in the basket main Yoox UK (-6.5%) with Finmeccanica (-4.79%) to the banking sector, with Intesa Sanpaolo to -3.18%, Unicredit -2 , 57%, Mediobanca -3.81%, -2.22% General, Mps -6.7%. Fiat Chrysler, despite the release of data on registrations of 2015 closed with a 13.6%, closed with a fall of 2.78%. Down the other titles of the team Agnelli Ferrari -3.27%, -5.55% Exor, CNHI -5.61%. The negative energy (-1.82% Enel, Eni -3.54%) and bad even Telecom Italy with a -5.57% to 1 euro per share. In luxury, Tod’s -1.31%, -1.74% Luxottica. The only title on equality is to Italcementi (+0.10 to EUR 10.20) in the tender offer views of HeidelbergCement 10.60 euro per share.
Wall Street sharply downward
Sales have spared the US markets closed sharply downward Wall Street. The Dow Jones Industrial ended the session with a decline of 2.39%, the Nasdaq 2.74%. Weighing is also the publication of economic data from the United States. The index Empire State of New York, which measures the health of the manufacturing sector, stood at -19.37 points in January, well below forecasts to -4 points. Should also be noted that the VIX index, which measures the volatility and is considered the barometer of “fear” in the markets, meeting the highest of the past five months. “There may be a drop of another 10% in the markets,” says Larry Fink, BlackRock’s number one, in an interview with CNBC , stressing that the oil market is a problem overproduction.
Traders’ Decisive next macro data and corporate “
Despite the session strongly negative in the operating rooms there is no air of panic. “Numerous studies offices from time indicated that the correction would come – says an operator – remains to be seen because it came just at the beginning of January, but it came as a surprise to professional investors, so much so that there is no panic.” The fact is that with the slip today Milan stock has burned virtually all the gains of 13.2% registered in 2015 and that had enabled him to boast the best performance in Europe. The FTSE MIB violated downwards the threshold of 20 thousand points, pushing close to 19 thousand points. The real question at this point, is to understand how the market will move in the coming weeks. And in this case there is great uncertainty. “It is difficult for one to remain at this level, but we arrived at a crossroads – commented one trader – or for whatever reason you retrieve a few percent, or triggered a substantial decline, that could really create a panic situation.” Opinion like that of a manager: “We are in mid-stream, and therefore it is dangerous to make predictions: the Italian index could still yield a lot and even to record a double-digit decrease compared with the beginning of the year, or it may stabilize and then gradually floor rising again. Sure – he concluded – for investors now play in defense. ” Any suggestions coming in a few days by both economic data and either the company. Next week it will be crucial in terms of the macro calendar: the most anticipated will be given on Tuesday, when it airs on the first estimate on the progress of Chinese GDP in 2015. Moreover, next week, they will be released early data relating to January 2015 on manufacturing activity in Europe and the United States as measured by the purchasing managers’ indices, litmus paper that anticipates the performance of industries. It will also be extremely important to the season of quarterly reports, which could give the route to markets. The dances are open in recent days with the publication of the budget numbers from Alcoa. Analysts, however, bring into account that the average earnings of the company ‘which are in the S & amp; P 500 in the fourth quarter of 2015 are expected to decline by 6.5% over the same quarter of 2014. The earnings for the 2015 instead, they are estimated in line with those of 2014 or slightly down, by around 1%. Will be important, however, also indications that top managers darano for 2016 and according to experts this year the profits of listed companies on the S & amp; P500 should return to growth by an average of 7%.
The collapse in Asia
The stock exchanges in the Asia-Pacific region today had touched the minimum of three and a half years, with renewed pressure on crude oil prices and disappointing data from China to curb investors. In Tokyo, the Nikkei index ended the session down 0.54%. The CSI index of the Shanghai Stock Exchange closed down 3.55%. The Shanghai Composite Index remains below the level of 3000 at 2,900.97 points, while the index moves back of 3.40%. Crude oil prices rebounded Thursday, with the derivative Brent rose 2.4% to $ 31.03 per barrel from $ 29.73 in recovery, minimum 12 years, the previous day. But the rally did not last long. And the collapse in prices has scared financial markets, already grappling with concerns related to the slowdown of the Chinese economy.
January 15, 2016 (modified January 16, 2016 | 08:52)
© ALL RIGHTS RESERVED
No comments:
Post a Comment