The Fed raises Us rates by 0.25: it is still a record of Wall Street. Flagship of Mediaset-Mps – The Republic

the MILAN - a New record for the Dow Jones rises to the 19.962,32 points: this is the immediate effect produced by the Fed’s decision to raise rates a quarter of a point. The Federal Reserve has revised upwards the estimations on the growth of the current year and the next, while he left unchanged, those for the year 2018. The unemployment rate is expected to be lower than previously expected, it should then drop again in the next twelve months and then stabilize in 2018. The increase in interest rates of 0.25% on the first decided by the Fed by December 2015, the only one in 2016.

At Piazza Affari, in the meantime, continue to keep bank the financial events. Today is another decisive day for the Monte dei Paschi, which is served before the ok Consob, and then the launch of the board of directors to open the conversion of the bond subordinate to the small savers, thus trying to scrape together two billion for the capital increase by five units. A high level of attention on Mediaset, still rising with the ascent by the French Vivendi. Volatile Unicredit in the aftermath of the presentation of the plan. the Milan gets worse in the afternoon, to close to -1,18%, while London gives the 0,28%, Paris 0.72% Frankfurt 0.35%. Weak Wall Street, that at the close of the european markets has the Dow Jones down 0.1% as the Nasdaq and the S&P500 down 0.2%.

In the graph Bloomberg, the growth of the chances of a rise in interest rates (white line above), with the reactions of the markets (below): salt of the dollar (blue), drops the value of the sovereign bonds of the western

The spreads between Btp ten-year and germany goes for some batting under 150 points, save, then go back slightly: the government of Paolo Gentiloni is well regarded for its continuity with the government Renzi and Pier Carlo Padoan to the congregation of the Economy. The yield amounted to 1.88%. “Although an increase in the rates of interest is by definition an adverse event for the bonds, if the tightening of monetary policy will proceed at a pace sufficiently slow will still allow” investors to cash in on the coupons and to compensate for the drop in the price of the bond, ” said Andrea Iannelli of Fidelity International in view of the intervention of the Fed. Look up Luke Bartholomew of Aberdeen AM, which will follow the directions on “what the Fed intends to do about interest rates next year. They are all trying to guess what will be the implications of the presidency Trump”, which for the observers, will be a harbinger of inflation. “The forecast depends, however, on the whims of american politics and, frankly, the personality itself of Trump. It will be interesting to see how the Fed will react against this scenario very uncertain.”

euro: close stable 1,0659 dollars and 122,56 yen in anticipation of the Federal Reserve decision on interest rates. The greenback loses some point on the yen to share 114,97 yen. From the macroeconomic front, the Istat has confirmed the decline in average monthly prices in November. Inflation in France remains unchanged in the month of November, with consumer prices rising 0.5% year-on-year. In Britain the unemployment rate was stable at 4.8% at the end of October, while according to Eurostat, in October the industrial production in the euro zone fell 0.1% from September, and the eu by 0.3%. In the Usa, down 0.4% for industrial production in November, below the estimates of analysts.

The Handbags oriental have closed in random order waiting for the Fed: thanks, also in the first progress in 6 months, the confidence of businesses in Japan, Tokyo Stock exchange is able to see a fractional positive sign (+0,02%). In decrease, instead, Shanghai (-0,46%) after the latest statements of the head of the China Insurance Regulatory Commission (Circ), the supervisory organ on the area of insurance products in chinese, which again, called back the insurance companies for speculation on the stock market.

The prices of petroleum are in decline in New York, where prices lose approximately 1.5% to 52,2 dollars per barrel. Yet, in the week ended 9 December, the oil stocks in the Usa fell to 2,563 million unit 483,193 million, while analysts were waiting for a decline of 1.7 million barrels. L’gold is a slight appreciation to 1.163 dollars an ounce.