MARKET
Milan , February 15, 2016 – 07:47
is consolidated in mid-session, the sharp rise chalked up at the opening of the Milan Stock Exchange and the main European markets. The Ftse Mib marks a + 4.08% to 17,188 points. They go very well with bank stocks Mps up + 9.19%, Banco Popolare + 910% and + 7.65% Unipol. Even Saipem (+ 11%) scored a strong recovery after the troubled sessions related to the increase of the company’s capital. Meanwhile, the spread between BTPs and German Bunds is at an altitude of 133 points, with the ten-year yield to 1.61%. Positively all major European stock exchanges, which in turn cements the brilliant start of the morning. Among the major financial centers, Paris marks a + 3.03%, Frankfurt gains 2.7% while London advancing 1.91%. Also strong growth for Eurostoxx50 index of European blue chips, up +3.12%.
crude consolidates the positions
Even as oil reflects the positive climate of stabilizing financial markets and quotations are strengthened in the wake of rumors that harm to a likely cut in production by OPEC, which would have the effect of toning the international oil prices. Futures on Brent crude oil prices recorded a rise of 33 cents to $ 29.79 a barrel.
Gold down
the tentative signs of stabilization in the markets are not sufficient to declare the storm passed but have an effect on the prices of ‘ gold. After the ride that year to date has brought the safe haven to gain over 17 percentage points, with the acceleration of the first half of last eighth gold now moves back by more than 2%. The yellow metal drops from 1,236 to $ 1,207 an ounce, nearly thirty dollars less than at Friday’s fixing.
Strong rebound in Tokyo
the Tokyo Stock Exchange ignores data showing the contraction of GDP and ending the trading day with a rise of 7.16%, exceeding share 16,000 after he suffered last Friday, the biggest weekly decline (-11%) in 8 years. To facilitate purchases positive closures of European markets and Wall Street, while the new depreciation of the Japanese currency favors the resumption of stocks of exporting companies. The Nikkei index, the dollar rose to 113.92 yen share, marked an increase of 1069.97 points to 16022.58 share. All around the globe, therefore, the stock indices confirm the tendency to go on the swings with violent jerks it upward or downward.
The GDP retreating
The rebound occurred despite the spread of negative data for the economy of Japan for the last part of 2015 with a reduction of 0.4%. in the quarter from October to December: a greater reduction than expected (-0.3%). The annualized figure instead marks a decline of 1.4%, even this worst-case estimates that predicted a decline of 0.8%. In the heaviest burden is the decrease in private consumption (-0.8% against the expected 0.6%), which put in the balance the exit from deflation and the prospects for recovery for the Japanese economy.
The Minister optimistic
The Japanese Minister of Economy, Nobuteru Ishihara, on the sidelines of a meeting with the press, said he expected the next few months a moderate recovery and that “the fundamentals of the Japanese economy remain solid.” The comments have been taken since the publication of the contraction in Japanese GDP highlighted in the last quarter of 2015.
the Chinese Stock Exchange
slightly closing down due to the Chinese stock market of Shenzhen with the Component index that yields 0.05% to 9668.84 points, closed instead increase the ChiNext index of innovative companies, which earns 0.95% to 2116.84 points. In Shanghai, the session is over -0.6% after several days of closure for the Lunar New Year holidays. The minus sign, initially decided, was mitigated by stronger recovery of the last weeks of the local currency, the yuan, against the dollar. The data of the Chinese economy, however, confirms the slowdown: exports in January fell by 11.4%, while imports were down by 18.8% in the first month of the year. Both the data are worse than expected.
February 15, 2016 (edited February 15, 2016 | 13:49)
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