MILAN (WSI) – After an initial positive session Stock Exchange Milan back prey of sales, with the FTSE MIB that pierces also the threshold of 16,000 points, slipping to a minimum of two and a half years with losses also more than three percentage points . A trader interviewed by Reuters spoke openly about ‘panic selling’ , unleashed after breaking the support of 16200-16000 Milan index points.
The rest of European shares is It moves slightly better although the morale of investors is underfoot. The benchmark Stoxx 600, where the 600 largest companies in Europe, lost 0.7% are listed by testing the minimum of sixteen months . The European markets were down by more than 25% year to date, a bloodbath.
Focus on the note of strategist at Deutsche Bank , who said that the concerns on the health of the credit markets they are plaguing the stock market and that any expansion of 200 basis points spread could trigger losses further to -8% for the shares, with the banks would pay the highest price .
They are always the declines of banks to put pressure on stock indices. Interviewed by Bloomberg Guillermo Hernandez Sampere, head of MPPM EK in Eppstein, Germany, he says:
“The volatility is becoming very high. And ‘necessary that investors increase the cash component and be attentive when doubtless they glimpse buying opportunity. A rally of a technical nature could easily go back to being sold. The calm did not terà soon. “
In Asia, where China and Taiwan exchanges will be closed for the entire week to celebrate the Lunar New Year, it has highlighted the stock market crash in Tokyo , with the benchmark Nikkei 225 -5.40% to 16,085.44 points. Dollar / yen to a minimum since November 2014. And for the first time ever the ten-year rate of Japan’s government bonds have dropped to below zero, thus amounting to negative values.
‘hunt to safe havens: you buy so the assets that are considered safer, such as the yen, Japanese bonds, and gold Bund in earlier trading, gold futures also exceeded $ 1,200 for the first time since last June. Gold has also reported the best trading days from December of 2014.
On the foreign exchange market, the euro yesterday was washing down the $ 1.11 threshold, back to swing over $ 1.12.
in the area of fixed income eye to the spread between Bund and BTP, which yesterday rose more than 148 basis points, rates on year BTPs above the 1.71%; also rose today on the German Bund rates, to 0.24% –
Prices oil zero earnings, with WTI Crude returning to below $ 30 and Brent down but above $ 32.
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