http://elpais.com
ヨーロッパの株式市場は、中国の経済成長の鈍化と、オランダとフランスの政治変化により、下落
Bolsas a la baja por el frenazo chino y las dudas políticas en Europa
El Ibex cierra en 6.846,6 puntos, tras perder un 2,76%
Ell tipo del bono a 10 años toca el 6% durante el día y la prima de riesgo se coloca en 436 puntos
Bags down by the Chinese slowdown and political doubts in Europe
The FTSE closes at 6846.6 points, losing 2.76%
Ell type of 10-year bond touched 6% during the day and the risk premium is placed at 436 points
Follow the evolution of the stock in real time
Lafont Isabel Madrid 23 ABR 2012 - 14:37 CET
The FTSE closes at 6846.6 points, losing 2.76%
Ell type of 10-year bond touched 6% during the day and the risk premium is placed at 436 points
Follow the evolution of the stock in real time
Lafont Isabel Madrid 23 ABR 2012 - 14:37 CET
European shares have not endured the tug last Friday and started the week dyed red. Concerns about China's economic slowdown, an unexpected contraction in industrial activity and the euro zone's economic and political uncertainty in France and Holland, which casts further doubt on their ability in the area to complete the fiscal adjustments required by Brussels, involve a generalized sales outlook.
All European markets have remained in losses during the session. The Dow fell 35 has reached 3.25% in the first hour of trading, which has placed him in 6812 points below the closing price of March 9, 2009 (6817.4 points, but during that session marked an intraday low at 6702.6 points), and marked the lowest level of the index since the beginning of the crisis that triggered the bankruptcy of Lehman Brothers.
At the end of the day, the Dow has lost 2.76%, to 6846.6 points placed on. The value has been battered Vallehermoso, owns a 10% stake in Repsol, who is still suffering the consequences of the expropriation of the oil company subsidiary in Argentina, YPF, enacted last week by Cristina Fernandez de Kirchner. Next in ACS setbacks, with 10.09%, which last week sold its 3.69% stake in Iberdrola to a net loss of 540 million euros. London has fallen by 1.91%, 2.97% Paris, Frankfurt and Milan 3.41% 3.83%.
The Spanish economy contracted 0.4% in the first quarter of 2012 compared to the last three months of 2011, according to data released today by the Bank of Spain, which certifies its second recession in the last five years. Compared with the first quarter of 2011, GDP dropped 0.5% after seven quarters of interannual increases. Employment continued to decline, albeit "slightly less pronounced" than in the fourth quarter of 2011, down nearly 4% yoy.
At the heart of Europe, the victory of socialist Francois Hollande in the first round of French presidential elections, joins the Dutch Government crisis of liberals and Democrats after losing the support of the far right of Geert Wilders, who is has refused to back the new setting budget of 16,000 million euros needed to meet the deficit target of 3% imposed by the EU. Prime Minister Mark Rutte, submitted his resignation and early elections were announced in the Netherlands.
All this gives life to the turmoil in the sovereign debt market, there is evidence that more than ever the refuge of the title character Germans: the yield on the five years has come to drop to 0.62%, the lowest since there is a single currency. By contrast, the cost of credit default swaps (CDS instruments that protect against the risk of default) of the Dutch debt has won eleven basis points to 130. The cost of default insurance of the French debt has also scored five points to 204.5.
The tension is also in peripheral markets. The Spanish risk premium (differential between the return required of the 10-year bond and its German equivalent), that started the day at 425 basis points has come to play the 437, but later relaxed to 432. The type of Spanish 10-year bond has surpassed, as happened last week, 6%. The differential is also suffering Italian market volatility and sovereign debt has now reached the 409 basis points, after starting the day at 395.
The debt crisis in the euro area continues to weigh on investors. According to data released today by Eurostat, the debt of the 17 countries sharing the currency stood at 87.2% of GDP in 2011, compared to 85.3% the previous year, the highest proportion since the adoption of the euro in 1999 . Greece tops the list with 165.3%, followed by Italy with 120.1%, while Estonia is the country with less debt, 6% of GDP. In the case of Spain, went from 61.2% in 2010 to 68.5% last year. The State Budget forecast of debt down 79.8% in 2012.
Faced with the pressures you're getting from various fronts, such as the International Monetary Fund (IMF) or the Department of the Treasury, United States, the European Central Bank (ECB) is resisting pressure to intervene further in the resolution of debt. In fact, for the sixth consecutive period in the week ended April 20 made no purchases of bonds in the secondary market, as had been done since 2010 under its program of purchases or Securities Markets Programme (SMP) for a a total amount of 214,000 million euros.
The opening of trading was marked by contraction of the Chinese industrial sector in April for the sixth consecutive month. The PMI purchasing managers that make HSBC and Markit Economics stays, according to provisional final reading, at 49.1 points, compared to 48.3 in March. A reading below 50 points in this parameter should be construed as contractionary.
The fragility industry is not only showing up in Asia. The German manufacturing PMI has declined in April to 46.3 points, compared to 49 expected, below the 48.4 points in March. This is the most since July 2009. The service component, however, rose to 52.6 points in April, compared to 52.1 March. Expected level of 52.3 points. PMI falls to 50.9 points overall from 51.6 in March.
In France, the manufacturing PMI has risen to 47.3 points from 46.7 in March, in line with expectations. The services, however, fall to 46.4 points from 50.1 in March. The data set gives up 46.8 points (48.7 points in March), the lowest level in six months.
For the euro area as a whole, the composite PMI (industry and services) fell more than expected in April to 47.4 points (49.1 in March), its lowest level in five months. It is expected to increase to 49.3 points this record, according to Bloomberg estimates.
"Contractionary forces in southern Europe are too strong and too weak pull Germany to return territory this indicator of growth," said the agency said Martin van Vliet, an economist at ING in Amsterdam.
All European markets have remained in losses during the session. The Dow fell 35 has reached 3.25% in the first hour of trading, which has placed him in 6812 points below the closing price of March 9, 2009 (6817.4 points, but during that session marked an intraday low at 6702.6 points), and marked the lowest level of the index since the beginning of the crisis that triggered the bankruptcy of Lehman Brothers.
At the end of the day, the Dow has lost 2.76%, to 6846.6 points placed on. The value has been battered Vallehermoso, owns a 10% stake in Repsol, who is still suffering the consequences of the expropriation of the oil company subsidiary in Argentina, YPF, enacted last week by Cristina Fernandez de Kirchner. Next in ACS setbacks, with 10.09%, which last week sold its 3.69% stake in Iberdrola to a net loss of 540 million euros. London has fallen by 1.91%, 2.97% Paris, Frankfurt and Milan 3.41% 3.83%.
The Spanish economy contracted 0.4% in the first quarter of 2012 compared to the last three months of 2011, according to data released today by the Bank of Spain, which certifies its second recession in the last five years. Compared with the first quarter of 2011, GDP dropped 0.5% after seven quarters of interannual increases. Employment continued to decline, albeit "slightly less pronounced" than in the fourth quarter of 2011, down nearly 4% yoy.
At the heart of Europe, the victory of socialist Francois Hollande in the first round of French presidential elections, joins the Dutch Government crisis of liberals and Democrats after losing the support of the far right of Geert Wilders, who is has refused to back the new setting budget of 16,000 million euros needed to meet the deficit target of 3% imposed by the EU. Prime Minister Mark Rutte, submitted his resignation and early elections were announced in the Netherlands.
All this gives life to the turmoil in the sovereign debt market, there is evidence that more than ever the refuge of the title character Germans: the yield on the five years has come to drop to 0.62%, the lowest since there is a single currency. By contrast, the cost of credit default swaps (CDS instruments that protect against the risk of default) of the Dutch debt has won eleven basis points to 130. The cost of default insurance of the French debt has also scored five points to 204.5.
The tension is also in peripheral markets. The Spanish risk premium (differential between the return required of the 10-year bond and its German equivalent), that started the day at 425 basis points has come to play the 437, but later relaxed to 432. The type of Spanish 10-year bond has surpassed, as happened last week, 6%. The differential is also suffering Italian market volatility and sovereign debt has now reached the 409 basis points, after starting the day at 395.
The debt crisis in the euro area continues to weigh on investors. According to data released today by Eurostat, the debt of the 17 countries sharing the currency stood at 87.2% of GDP in 2011, compared to 85.3% the previous year, the highest proportion since the adoption of the euro in 1999 . Greece tops the list with 165.3%, followed by Italy with 120.1%, while Estonia is the country with less debt, 6% of GDP. In the case of Spain, went from 61.2% in 2010 to 68.5% last year. The State Budget forecast of debt down 79.8% in 2012.
Faced with the pressures you're getting from various fronts, such as the International Monetary Fund (IMF) or the Department of the Treasury, United States, the European Central Bank (ECB) is resisting pressure to intervene further in the resolution of debt. In fact, for the sixth consecutive period in the week ended April 20 made no purchases of bonds in the secondary market, as had been done since 2010 under its program of purchases or Securities Markets Programme (SMP) for a a total amount of 214,000 million euros.
The opening of trading was marked by contraction of the Chinese industrial sector in April for the sixth consecutive month. The PMI purchasing managers that make HSBC and Markit Economics stays, according to provisional final reading, at 49.1 points, compared to 48.3 in March. A reading below 50 points in this parameter should be construed as contractionary.
The fragility industry is not only showing up in Asia. The German manufacturing PMI has declined in April to 46.3 points, compared to 49 expected, below the 48.4 points in March. This is the most since July 2009. The service component, however, rose to 52.6 points in April, compared to 52.1 March. Expected level of 52.3 points. PMI falls to 50.9 points overall from 51.6 in March.
In France, the manufacturing PMI has risen to 47.3 points from 46.7 in March, in line with expectations. The services, however, fall to 46.4 points from 50.1 in March. The data set gives up 46.8 points (48.7 points in March), the lowest level in six months.
For the euro area as a whole, the composite PMI (industry and services) fell more than expected in April to 47.4 points (49.1 in March), its lowest level in five months. It is expected to increase to 49.3 points this record, according to Bloomberg estimates.
"Contractionary forces in southern Europe are too strong and too weak pull Germany to return territory this indicator of growth," said the agency said Martin van Vliet, an economist at ING in Amsterdam.
0 件のコメント:
コメントを投稿