European stocks weak. Beijing injects 18 billion market – The Messenger

China scares the global economy. Today the Chinese government has intervened by injecting liquidity on the stock markets to try to restore calm dopoil collapse yesterday of price lists but the fear in the markets remains.

Milan Stock Exchange and other European stock markets, after the crash of the vigil, they tried the rebound finally closing all around the parity, showing itself in perfect harmony with the square of Wall Street. To trigger the recovery of the markets, this morning, had helped the measures announced by Beijing authorities against speculation, along with rumors of a new injection of liquidity the central bank of China.

Then, some macroeconomic data disappointed and weakened the bags, especially those in the Eurozone inflation, it resulted below expectations, and inflation in Italy, falling to zero. The best picture of the labor market in Germany, where employment has marked acceleration and unemployment has confirmed below expectations. Weak session for the Euro / US dollar, which exchanges with a decline of 0.98%. Slight rise in gold, which rose to $ 1,078.2 an ounce. The Oil (Light Sweet Crude Oil) falls 1.61%, dropping to $ 36.17 per barrel. Spread improves, reaching 96 basis points, down 3 basis points from the previous value, with the yield of ten-year BTP 1.50%.

Among the indices of the eurozone, Frankfurt consolidates the previous bases, London advancing 0.48%, while Paris shows a timid + 0.14%. Shines the Milanese listing, with a gain of 0.88% on the FTSE MIB; on the same line as the FTSE Italy All-Share, which stops at 22,704 points. Consolidate levels Eve the FTSE Italy Mid Cap (-0.19%), as the FTSE Italy Star (0.1%).

The People’s Bank of China PBOC has entered today’s 130 billion yuan (18.4 billion euro) of liquidity in the markets, as said in a statement. The public body of China proceeded to acquire securities, a type of intervention that had already been used during the debacle of the summer of 2015. After the crash yesterday which led to the early closure of markets, the Shanghai Stock Exchange has today limited its losses to a slight decline of 0.26%, while Shenzhen has lost 1.86% in a market quite volatile. The eyes are now fixed on January 19 when the Chinese government to publish data on China’s growth throughout last year.

Even Tokyo closed slightly ribaso (-0.42%), as Hong Kong (-0.51%). “The crash on Monday has undermined investor confidence, the market is unlikely to recover soon,” said a fund manager at Bloomberg JK Life Insurance.