Milan fires with Bags EU, Tokyo still in sharp decline: -2.31% – The Republic

MILAN – Hours 14:15. It splays the trend of global prices, with the Tokyo Stock Exchange still suffering and European markets recover after three days of deep discounts. Milan , in contrast to what happened yesterday, consolidates the rise in the first minutes at + 5.1%, with banks covered by a purchase order after the recent collapses Unicredit is even suspended, this time excess upside. London halls of 1.1%, Frankfurt 2.5% and Paris 2.6%. Technical coatings, traders hit-and-run, and even those who take advantage of cut prices to focus on a long-term recovery, explain much of the rebound, given that there are no data or other special events to justify a similar rally . Volatility remains very high and investors seek clues about the next moves of the Federal Reserve by the words of Janet Yellen, who now reports to the Congress. Will have to weigh every single accent, not to spark unexpected reactions in the markets they already fear for the sustainability of the recovery, the slowdown in China and rising oil prices and, most recently, also for the consistency of the US growth after the White House filed (but still + 2.6%) the estimate of GDP for 2016 and strengthened in 2017.

in the morning, the Tokyo Stock Exchange closed down sharply after yesterday had left on the ground for 5.4%: the Nikkei index quickly reversed course after an initial rise, coming to give 3.41% (the lowest level since October 2014) and closing with a loss of 2.31 % to 15713.39 points. A trend in the wake of the European markets yesterday and Wall Street, which was also influenced the appreciation of the yen against the dollar. The macreoeconomica agenda, the appointment Yellen there, records the jump of 9.3% of requests for new mortgages in the United States. In the evening, then, will the monthly budget of the Treasury. After Germany, France also recorded a marked decline in the Industrial production in December: -1.6% compared to the previous month and down 0.7% compared to December 2014. Italy in line with France the variation on the previous month, while the whole 2015 is the first year in profit after four negative. Pending the CDM of suffering, reform of Bcc and repayments to investors ‘cleared’ by saving banks, Europe gave its ok to Italian guarantee mechanism to alleviate bank balance sheets from the difficult loans.

on the currency front, the ‘ € down slightly against the dollar in the area 1,126 greenbacks; against the yen, the single currency is changing hands at 129.4. Resizes the gap between Italian and German government bonds: in the early hours of the day the spread between Bund and BTP shrinks in area 135 basis points and the yield on national title comes in the 1, 6%. The Treasury has placed 6.5 billion annually Bot , with an increase of four basis points yields but still below zero (-0.032%).

Wall Street , last night, managed to contain the losses, with the major indexes, which closed slightly below parity with the Dow Jones has filed down 0.08% and the Nasdaq lost 0.32%. The oil remains a special observed: OPEC has cut its growth forecast of demand for the current year, to + 3.2% from + 3.4 percent. WTI is rising, after the weakness of Eve, to $ 28.6, while the barrel of Brent climbs back into the area $ 31. There are great expectations for US stocks. Quotes of the ‘ Gold keep positions gained in recent days on the Asian markets in the wake of the strong market instability. Bullion for immediate delivery is changing hands at $ 1,189 an ounce.

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European stocks

Asian stocks

Wall Street

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