markets
Milan , January 20, 2016 – 08:32
opening down sharply for the European stock markets in the wake of decided markdowns squares Asia, particularly Hong Kong and Tokyo, the latter fell to the lowest in four years and facing a flight of capital that threatens the engagement of the local currency to the dollar. Very bad even the Milan Stock (-3.4% in mid-session), which seem to weigh tensions between Italy and the EU that are unleashed in particular on banking stocks. To continue to fuel sales in Asia and Europe are mainly the continued decline in oil prices and the downward revision of global growth forecasts by the IMF.
Summit on banks at Palazzo Chigi
And just to analyze the situation of the banking sector the Prime Minister Matteo Renzi met this morning together with Minister of Economy and Finance, Pier Carlo Padoan, the governor of the Bank of Italy, Ignazio Visco and the Director General Salvatore Rossi. The meeting focused on – according to state sources of Palazzo Chigi – the situation, in fact, in the Italian banking sector. The recent financial turmoil – it is emphasized – are followed by the competent authorities with great cooperation, harmony and attention, aware of the complexity of the situation (especially in light of international events), but in the belief that the past and future measures of the legislature will help some banks Italian in the process of gathering much-needed help and financial intermediaries in the management more rapid and appropriate non-performing loans. This time conducive to investment in Italy – thanks to ongoing reforms and improving the employment situation and economic certified by all international authorities – will be exploited by the institutions fielding all the necessary steps to complete the consolidation process started with the reform of the banks.
The trend on the Milan Stock
At the Milan Stock Exchange opened in the list decline (FTSE MIB -2.8% to 18,350 points), with MPS who could not make money (theoretical decline -8.47%). The situation has worsened during the session, with the MIB come to yield up to 3.76% and a new flurry of suspensions. This morning, in a statement, the CEO of Banca Monte dei Paschi di Siena, Fabrizio Viola, said that “the first evidence relating to 2015 confirm that the current trend of anomalous title MPS has no basis in fundamentals the bank that in the last quarter have improved, confirming the trend seen in the first nine months of the year. ” Down Banco Popolare which was finished in the volatility auction (-6.82%), BPM (-4.45%), Mediobanca (-3.15%), Ubi (-3.78%), Unicredit (-5, 33%).
Europe
But with Milan all our major European is losing steam, its lowest level since 13 months. London gives 2.7%, Paris 3.23%, Frankfurt 2.97%. The market is nervous, commenting managers, concerned about a slowdown in China and the further decline in the price of the best-selling titles petrolio.Tra stand Commerzbank (-5.59%), Deutsche Bank (-5.12%), SocGen (-4.48%), and Caixa (-4.88%). Heavy also the trend of mining: Anglo American marks -5.76%, -6.41% BHP Billiton, Glencore -6.43%. Among the oil companies Shell moves back of 4.82% in the wake of the profit warning issued today.
Asian stocks
Male, as mentioned, the Asian markets. Collapses the Tokyo Stock Exchange. The Nikkei index of leading securities ended the session down 3.7% (-632.18 points), reaching the lowest level in 15 months, to 16,416.19 points. Also influenced by the recovery of the yen, the Nikkei index has left on the field the 13.75% since the beginning of the year, with 10 sessions of 12 negative, losing more than 20% from the peak of 2015, when he was to be the smallest high 19 years.
Asia declining
Closes in Hong Kong also fell (-3.82%), with the Hang Seng Index fell to its lowest for four years and, as mentioned, with a capital flight that threatens snapping thirty local dollar, which has It peaked negative for almost nine years to the American one. More moderate losses in Shenzhen (-1.03%) and Shanghai (1.02%), in the swing for most of the session.
Dollar
In terms of currencies, the dollar has bottomed out last year against the yen to 116.66 yen, against the eve of 117.75 yen, while the euro is now worth 127.85 yen, movements that push traders to sell the shares of exporting companies.
January 20, 2016 (modified January 20, 2016 | 14:35)
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