Milan – 15:30. Price lists Chinese fall from the highs of two months, but not infect the rest of the markets: Europe is nervous on the eve of the board of the European Central Bank. The market Shanghai has decreased by three percentage points, in the fear of investors that the shares are go up too quickly after the meltdown that began in the summer, while Tokyo has responded to rising data slowdown in trade abroad: a sign that the crisis is affecting China its closest partners. “Every time we read some negative news, the hope for further support to the economy by monetary institutions pushes markets”, summarizes Takashi Aoki Bloomberg . And ‘what happened today, as the Nikkei at the end he has gained 1.91%. The Japanese trade deficit fell in September to approximately six $ 850 million (-88%), with exports rising by 0.6% and imports down 11.1%. At this point, with the approach of the board of the Central Bank of Japan (BoJ) to the end of October, a third of the panel of economists Bloomberg expects a broadening of economic stimulus measures.
Already tomorrow will be the turn of the European Central Bank: the central governors gather in Malta and should discuss the potential extension of the Quantitative easing . The program of purchase of securities (including bonds) has indeed changed the perception of the banks, they see better prospects for the provision of credit to businesses and households, but still no hits on the slope of the rise in inflation: the Prices are crushed to zero. Analysts say it is too early to expect a change in the program, only seven months after its launch (last at least until September 2016). In a report by Credit Suisse states of waiting for a Mario Draghi very conciliatory towards the market (for him it predict tones ‘dove’ in a press conference), so as to prepare the ground for actual moves in the December meeting. At that time they also look to observers of the Federal Reserve, are increasingly convinced that for 2015 there will be room for a rise in US interest rates.
The European markets oscillate between ups and downs waiting for news from the ECB Milan marks + 0.1%, Paris 0.6%, London 0.3% and Frankfurt + 1%. Eurozone data is recorded by Eurostat on deficit of 2014 declined to 2.6%, continuing the downward trend of previous years (3% in 2013, 3.7% in 2012, 4.2% in 2011). The GDP of the 19 countries of the single currency rose above the threshold of 10 trillion, to 10,108. Istat has notified the purpose of the Maastricht Treaty, which for Italy the debt of 2014 was 3% of GDP. L ‘ € is rising, waiting for the ECB meeting tomorrow: a common currency is changing hands at $ 1.136 and 136.2 yen. The spread BTP-Bund stood at 103 points for a yield of 1.66% ten years.
Opening rising to Wall Street with the Dow Jones rising by 0.27% and the Nasdaq 0.43%. Well even the S & amp; P500 that earns 0.31%. One of the hot topics of the day the American stock market is undoubtedly the debut of Ferrari, which also affects the performance of Fca: eventually the Cavallino was assessed $ 52 per share, at the maximum of the range indicated (but not over, as It seemed the rumors), for a total value of nearly $ 10 billion. Also in the auto sector, to signal a maxi-Toyota recall involving 6.5 million vehicles for problems all’alzacristalli. Accounts beyond expectations for General Motors, while in tech disappointment from quarterly Yahoo!.
The price of the oil is down, awaiting the arrival of the weekly inventory data Use. On Asian markets, Light crude futures WTI give 30 cents to $ 45.99 and Brent futures retreat from 16 cents to $ 48.55 a barrel. The OPEC countries argue the opportunity to raise or not the production, after the long battle that led them to defend their market share against US producers. Also in the sector of raw materials, the price of gold is rising in Asian markets where the bullion for immediate delivery gained 0.3% to $ 1,179.3 an ounce.
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