Tuesday, March 22, 2016

Bags in red after the explosions in Brussels, purchases on safe havens – The Republic

MILAN – 10:00. The attacks at the airport and in the Brussels metro also weigh on the markets, which deal down in the first part of the day with investors intent on moving the money considered safe assets such as German bunds, the gold or the Japanese yen, which record surge in value. Milan is down 1%, not far from the other EU Grants: Frankfurt 1.4%, London -0.9% and Paris down 1.3%. the European markets have also inherited the uncertainty of Asia, who has treated countered in the wake of comments ‘hawkish’ arrived by some Fed governors, as in the case of Dennis Lockhart of Atlanta. Words that have opened – according to the US economic fundamentals – to an increase in the cost of borrowing since the April meeting and coming just a few days away from the accommodating position expressed by the President, Janet Yellen, the end of the last meeting of the FOMC, the commission that decides monetary policy within the US central Bank.

in short, contrasting signals that do not help the markets, still searching for stability after the start- shock of 2016. rising closure for Tokyo Stock Exchange , in the morning, with the Nikkei index rose 1.94% to 17,048.55 points: it is a rebound after four signs ‘less’ consecutive. Closing down, however, for Shanghai with the Composite Index fell to 2999.36 points to -0.64%; in this case, the price was just back from a run.

High level of attention at the Milan Stock, where there is divided between the monitor the pace of work for the merger between BPM and Banco Popolare and the evolution of the situation at the top of Telecom, the official release in the wake of Marco Patuano: the boards of the companies involved in these games are called to come together to decide what to do. Meanwhile, we signal the collapse of the Bank, after the rally on the eve and in the wake of the prospect of an increase up to 1 billion, while the BPM is weak. The spread between BTP and German Bund widened slightly to 103 basis points, with the yield on Italian ten-year around 1.25%.

In a week poor macroeconomic cues, even for the approach of the Easter holidays, there are today PMI indexes on the manufacturing, services and the composite of the main eurozone economies. The figure for manufacturing flash in the single currency brings in March to 51.4 points, from the previous 51.2; services rose from 53.3 to 54 points and then the composite index is brought to the maximum of three months to 53.7 points. In Germany , the March Ifo index rose to 106.7 points, more than expected, and they expect the data on business confidence index Zew enclosed. From Japan have already arrived pads on

‘manufacturing activities, that contracted for the first time in nearly a year, due to the drastic reduction in exports, a signal that confirms the current phase of weakness for the third world economy. In March, the index PMI dropped to a value of 49.1 from 50.1 in February, where the lower level or above 50 indicates the divide between contraction and expansion.

Even the US are expected news on the manufacturing sector, with the index of the Richmond Fed and the FHFA on house prices. positive close yesterday, the stock exchange Wall Street which continues its phase increases: the Dow Jones has closed the session with an advance of 0.12% to 17,623.87 points, while the ‘ tech Nasdaq index rallied 0.28% to 4,808.87 and the S & amp; P 500 a rise of 0.10% to 2051.60 points.

the change euro-dollar it is on the rise, with the currency of the old continent that is trading at 1.1256 greenbacks. The oil is a significant recovery after OPEC said it hoped a moderate rebound in prices ahead of the Doha summit. Frame rate the secretary general of OPEC, Abdalla El-Badri least 15-16 countries will participate in the summit of the production freeze. El Badri does not know whether Doha will also go to Iran. In exchange, the Secretary General of OPEC believes that the decline in prices has “hit bottom” and expects a moderate rebound. On the Asian markets futures on Light crude 18 cents to $ 41.70 and Brent shifted up 18 cents at $ 41.72. Gold up 0.4% this morning on the international markets: the precious metal is worth $ 1248.20 per ounce. Since the beginning of the year has marked an increase of 18%.

Topics:
European shares
Asian stocks
Wall Street
gold
oil
spread
PMI indexes
Fed
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