Fears about the state 'economies of the countries Eurozone, such as Greece, Spain and Portugal (returning from the flop of an auction of government bonds) have fueled sales on the world lists. il 2,61% e il Nasdaq il 2,99%. A 's S & P 500 has left the ground on 3.11%, the to 2.61% and 2.99% on Nasdaq. The lists have served, in addition to concerns about the debt of European countries, the increase in applications for unemployment surprise.

Same sign in Europe: the Eurostoxx 600 index has lost more than 3%. The Old Continent has seen him go up in smoke about 128 billion euros in terms of capitalization. Madrid Square worst, with a splash of 5.94%. Today the Spanish Treasury has sold bonds for 2.5 billion euros due 2013. The demand was good (almost twice 'supply), but Madrid had to pay a rate rather salty. The average return was, in fact, 2.63 per cent, against 2.14% 'last auction on 3 December.

Yesterday, the EU commissioner for economic and monetary affairs, Joaquin Almunia, said that Spain and Portugal 'common problems' with Greece (where the re-entry plan with debt has got the green light from EU Commission) today was the turn of Director of the IMF, Dominique Strauss Kahn, who said that the Spanish is "very strong". Just yesterday, Deutsche Bank, in presenting 'outlook on the economy in 2010, had put on alert against the debt situation of many European countries, highlighting the problem Madrid, a country whose growth has been built on the housing bubble, and where unemployment is close to 20%. "The real danger could come from Spain, a country which is far more important in Greece," he explained Luigi Sottile, head of asset management in "if Spain goes into serious difficulties, and some signs there could be a higher risk for the system of what we are seeing today with Greece. "

Today, CDS spreads for government securities of Portugal - the value that gives an indication on the costs of these insurance contracts - rose by 28 basis points to 222 points. CDS spreads for the securities of Greece rose by 9 basis points to 400 points total, very close to the peak of 421 points touched last month.

The surge in sales has spared no title even if the bank were among the most penalized. Despite the brilliant quarterly Santanter, investors remain very concerned about the health of the Spanish financial system and in Madrid. Moody's has had to deny rumors today that the rating of Spain is under review for possible downgrade. Returning to the stock exchange in Madrid, the Santander has lost more than 8%, 7% BBVA but stronger rebates for Abertis (-6%) Ferrovial with a splash of 10%.

A Piazza Affari a day that began with an attempt to bounce has turned into a black seat. Dragged downward along with other European markets from the Milan Stock Exchange closed its lowest level with the FTSE Mib down 3.45% at 21,404 points of el 'IT FTSE All Share -3.34% to 21,938 at. Increasing the turnover, that are now equivalent to almost 3.6 billion. In Lisbon PSI20 index has lost 4.9%. In Paris CAC40 yields 2.75%, the DAX30 Frankfurt loses 2.45%, while in the FTSE 100 closes the session at -2.17 %.

European markets were also affected by the words of the governor of the ECB, Jean Paul Trichet, who spoke of moderate recovery in 2010 and irregular, of "imbalances large and growing 'in many countries and rising unemployment. Rates unchanged at 1%. The words of a number 'Eurotower weigh on prices euro fell below 1.38 against the dollar share to the lowest since mid-June.

Milan has suffered more than the rest of Europe to the weight of the banking, conditional on the results of Deutsche Bank and Santander. Heavy even while continuing the confrontation with the government incentives. All titles in red basket Ftse Mib, burdened with the energy from the fall in and the negative results presented by Shell, down even Telecom Italy, positive in the morning while you continue to talk about the dossier Telefonica. Male luxury publishing and insurance.

  • Share / Bookmark
Tags:

Related posts