Oil superstar with the Opec agreement. Bond, a November -1.700 billion – The Republic

the MILAN – the jump of The oil, it has become vibrant asian stock Exchanges, while the prices of the european close weak after the growth of eve. the Milan manages to tick a rise of 0.99% of with the banks and the energy sector, while the Paris declines of 0.39%, Frankfurt 1% and London of 0.45%. Closure contrasted to Wall Street, is recovering from a November stroke with the effect-Trump: the Dow Jones is recording a new record, gaining 0.36%, while on the Nasdaq lose the 1,36% and the S&P500 slips 0.35%.

The price of crude oil keeps rising after the agreement signed by the cartel Opec: after 8 years, the producing Countries led by Saudi Arabia are back to agree to cut the daily production of 1.2 million barrels at an altitude 32.5 million. Further efforts are requested to Countries outside of the cartel, but close to it, such as Russia. The oil quality Wti, the reference to the Usa, salt 4% above 51 dollars. The variation is similar for Brent crude, which is 54 dollars per barrel.

a Rich agenda of macroeconomic of the day, starting with Italy where Istat reports the decline in the rate of unemployment< / strong> 11.6% in October, to which is added the upward revision of the Gdp growth. Then, important data, Sme on the manufacturing sector from the main economies: an index above 50 points indicates expansion. In Germany, the indicator drops in November, from 55 to of 54.3 points, while in Italy is strengthened by 50,9 52.2: for the industry of the Country is the largest increase in orders and production over the last five months. Positive on the whole, the performance of the manufacturing sector of the Eurozone, with its Pmi up to 53,7 points, from 53.5. In the Usa, and lastly, the growth in higher-than-expected subsidies for unemployment 268mila unit in the most recent week surveyed.

euro: remains on the upside above $ 1.06, the greenback brakes after the rally of yesterday and the pound sterling advances above 1,26 on the dollar, after the statements of David Davis, the minister for the Brexit of Theresa May, that the british Parliament has said that London is ready to pay for “to have the best possible access (usually european market in goods and services uk”.

The slow recovery of oil after the collapse initiated in the summer of 2014. Where can get the crude oil after the Opec agreement to cut production? According to analysts, one should not expect a large rally. According to Morgan Stanley, the recovery of prices will enable more drilling in the fields shale in the Usa, and then more investment in asian in North Sea production returns ample and may surprise the markets in the second half of 2017. According to Goldman Sachs, in the early part of next year we will surpass $ 60 a barrel, but it is possible to take an elastic that will carry the crude oil in 50 dollars at the end of 2017.
I agree by the japanese Mitsui & Co.: "oil may go up to $ 60, but then the producers of shale will be out, and then probably the price will come back, says the cfo of the house of asian trading at Bloomberg.

shrinks a little, at the end of the day, the spreads Btp-Bund, sensitive in past sessions to the uncertainty in view of the constitutional referendum on 4 December. The differential between Italian government bonds and German ten-year is below the level of 170 points, while the yield remains at around 2%. the Bloomberg note that the month of November has been disastrous for the ageing of the bonds: the Bloomberg Barclays Global Aggregate Total Return Index has lost 4 percent lost 4 percent in November, the largest decline since the start of the basket in 1990. The increased trust towards the growth of the american and the promise of Trump put in the field a thousand billion dollars of tax cuts and infrastructure investments reported in high yields, together with the fact that the Federal Reserve will raise rates in December. At the global level, the escape from the bonds has eroded 1,700 billion dollars from the value of the index in November, while the market capitalisation of the shares has risen to 635 billion.

previously, some of the data were entered from the East: the Pmi of November marked in China to a reach a share of 51,7, with 51.2 in October, the highest since July, 2014. The data, which is a primary indicator of manufacturing activity, especially that of the large enterprises to state control, is higher than the estimates of analysts of 51. The index is calculated from the financial magazine Caixin, which is set more on the small and medium private enterprises, there is a decrease and stood still a step sturdy: 50,9 from 51.2 in October. Even in Japan, the manufacturing sector has been a subject of investigation: the Pmi has remained substantially stationary to 51.3 in November, compared to 51.4 in October, which was the highest level since January; the result is above forecasts of 51.1. The Tokyo Stock exchange has closed in the morning on rising, with the Nikkei in progress dell’1,12% 18.513,12 points: this is the maximum level of the year, driven by th e recovery of oil. Closure in line with and in light of a rise in Shanghai and Shenzhen, China: +0,7%.

finally, it stops today, the weakening ofgold: the metal with immediate delivery, gives the ground below at 1,170 dollars an ounce.