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スペインの株式市場は0'27%減少し、スペインの10年国債の金利は+536で、6'764%から6'732%に落ち着く、欧州中央銀行の対策待ち!?スペインやイタリアの国債を買うか、買わないか??またドイツが足を引っ張ることを言っている!!!
La Bolsa cede un 0,27% y la prima cae a 536 a la espera de una decisión del BCE
El Ibex recorta las pérdidas de la jornada y cierra en 6.720,1 puntos
La rentabilidad del bono a 10 años se mantiene por encima del 6,7%
The stock yields 0.27% and the premium drops to 536 to await a decision by the ECB
The Dow trims losses of the day to close at 6720.1 points
The yield on the benchmark 10 years remains above the 6.7%
Evolution of the main markets
Lafont Isabel Madrid 1 AGO 2012 - 18:24 CET
The Dow trims losses of the day to close at 6720.1 points
The yield on the benchmark 10 years remains above the 6.7%
Evolution of the main markets
Lafont Isabel Madrid 1 AGO 2012 - 18:24 CET
Day expected in the markets, on the eve of a meeting of the Governing Council of the European Central Bank (ECB) which are deposited, perhaps too many, expectations about a possible purchase of bonds by the institution to ease costs financing of sovereign debt of Spain and Italy.
Distrust of a quick solution, however, continues to be reflected in the brand over the Spanish risk premium, the excess return that investors demand on the secondary market to 10-year bond over the German equivalent, the reference is taken as a safe investment. After finishing at 546 basis points yesterday, today marked a maximum at 545 to descend to the end of the day to 536 (5.36 percentage points).
This means that the yield on 10-year bonds remains at unacceptable levels for its double pernicious effect: the higher interest burden of debt involved and because it drives out private firms access to finance since, as minimum, are forced to pay that compensation to those who lend them money (the phenomenon known as crowding out, for their expression in English). Today that kind has reached 6.764% and ended the day at 6.732%.
The strength of Germany to use the European monetary authority to resolve fiscal imbalances of the Member States-something that prohibits prohibits EU Treaty, has been reiterated today from the Bundesbank. The president of the institution, Jens Weidmann, said in an interview on 29 June with his predecessor Helmut Schlesinger, published today in the website of the German central bank, said that the ECB's independence "implies that it must respect and not exceed its mandate. " And sends a clear warning to boaters "We are the central bank's largest and most important of the Eurosystem and have a greater voice than others."
Tomorrow will see how reconciles the ECB president, Mario Draghi, the above statements with which he made last Thursday, which said the institution he presides is willing to do "whatever it takes" to defend the euro and it implies action on whether risk premiums are so high that "undermine the performance of the transmission channel of monetary policy," the issuing bank.
The Stock Exchange opened with a drop of 0.52% but recovered shortly after and during the first hour of trading has managed to maintain a minimum profit. From that moment, however, has entered the red and the Dow has come to give a 2.5% compared with yesterday's close. Towards the end of the day has managed to make up and finished the day at 6720.1 points, a decline of 0.27%.
The good news of the day has arrived from the rating agency Standard & Poor's, which has given this Wednesday a vote of confidence in Spain for its "firm commitment" to carry out the announced cuts to reduce the deficit and persevere in reform. It has therefore decided not to move the current credit rating of Spain, which since April is BBB +,
European shares have ended the session with different results, the expectation of monetary policy decisions of the major central banks around the world. The London FTSE is up 1.38%, on expectations that the Bank of England announce tomorrow that it maintains its goal of buying debt assets while evaluating the effectiveness of another program to encourage lending by the financial institutions using the central bank. Paris has advanced 0.91% and 0.27% Milan, while Frankfurt has fallen by 0.26%.
Today has learned that the British manufacturing sector posted its biggest contraction in July in three years amid falling exports. Elsewhere in Europe things were not better. The PMI purchasing managers compiled by the Markit to measure changes in the manufacturing sector in the euro area stood at 44 in July, its lowest reading since June 2009, well below the 50 level that marks the border between expansion and recession, and also below the 45.1 points in June. "The manufacturing sector seems to be a significant drag on economic growth in the third quarter and the euro zone is moving faster and faster toward a new phase of recession," said Chris Williamson, chief economist at Markit.
The contraction reached its greatest intensity in three years in Germany and France, most acutely in Spain and Greece. The expansion of exports spurred by Ireland was the only positive note.
In the morning it was learned that in China, the official PMI indicator (taking into account the large public companies, especially) fell to 50.1 points last month, its lowest level in eight months. The PMI that make HSBC and Markits, however, reflects a downturn in manufacturing activity in 49.3 points, although higher than the 48.2 in June.
The Federal Reserve concluded today a two-day meeting, after which it is not expected the announcement of additional asset purchases as a means to inject liquidity into the financial system, beyond a commitment to maintain the official price of money (between 0% and 0.25% at present) to beyond the end of 2014. Since the bankruptcy of Lehman Brothers in 2008, the U.S. central bank has acquired debt held by banks and insurers amounting to 2.8 trillion dollars. This type of monetary stimulus is known as quantitative easing (quantitative easing, in English).
Markets expect a third round of purchases in September, although it is known today that the manufacturing sector contracted in July also, unexpectedly, according to the latest ISM index reading. The Dow Jones was up 0.29% in early afternoon trading, the Standard & Poor's rose 0.27%, while the Nasdaq was down 0.07%.
Distrust of a quick solution, however, continues to be reflected in the brand over the Spanish risk premium, the excess return that investors demand on the secondary market to 10-year bond over the German equivalent, the reference is taken as a safe investment. After finishing at 546 basis points yesterday, today marked a maximum at 545 to descend to the end of the day to 536 (5.36 percentage points).
This means that the yield on 10-year bonds remains at unacceptable levels for its double pernicious effect: the higher interest burden of debt involved and because it drives out private firms access to finance since, as minimum, are forced to pay that compensation to those who lend them money (the phenomenon known as crowding out, for their expression in English). Today that kind has reached 6.764% and ended the day at 6.732%.
The strength of Germany to use the European monetary authority to resolve fiscal imbalances of the Member States-something that prohibits prohibits EU Treaty, has been reiterated today from the Bundesbank. The president of the institution, Jens Weidmann, said in an interview on 29 June with his predecessor Helmut Schlesinger, published today in the website of the German central bank, said that the ECB's independence "implies that it must respect and not exceed its mandate. " And sends a clear warning to boaters "We are the central bank's largest and most important of the Eurosystem and have a greater voice than others."
Tomorrow will see how reconciles the ECB president, Mario Draghi, the above statements with which he made last Thursday, which said the institution he presides is willing to do "whatever it takes" to defend the euro and it implies action on whether risk premiums are so high that "undermine the performance of the transmission channel of monetary policy," the issuing bank.
The Stock Exchange opened with a drop of 0.52% but recovered shortly after and during the first hour of trading has managed to maintain a minimum profit. From that moment, however, has entered the red and the Dow has come to give a 2.5% compared with yesterday's close. Towards the end of the day has managed to make up and finished the day at 6720.1 points, a decline of 0.27%.
The good news of the day has arrived from the rating agency Standard & Poor's, which has given this Wednesday a vote of confidence in Spain for its "firm commitment" to carry out the announced cuts to reduce the deficit and persevere in reform. It has therefore decided not to move the current credit rating of Spain, which since April is BBB +,
European shares have ended the session with different results, the expectation of monetary policy decisions of the major central banks around the world. The London FTSE is up 1.38%, on expectations that the Bank of England announce tomorrow that it maintains its goal of buying debt assets while evaluating the effectiveness of another program to encourage lending by the financial institutions using the central bank. Paris has advanced 0.91% and 0.27% Milan, while Frankfurt has fallen by 0.26%.
Today has learned that the British manufacturing sector posted its biggest contraction in July in three years amid falling exports. Elsewhere in Europe things were not better. The PMI purchasing managers compiled by the Markit to measure changes in the manufacturing sector in the euro area stood at 44 in July, its lowest reading since June 2009, well below the 50 level that marks the border between expansion and recession, and also below the 45.1 points in June. "The manufacturing sector seems to be a significant drag on economic growth in the third quarter and the euro zone is moving faster and faster toward a new phase of recession," said Chris Williamson, chief economist at Markit.
The contraction reached its greatest intensity in three years in Germany and France, most acutely in Spain and Greece. The expansion of exports spurred by Ireland was the only positive note.
In the morning it was learned that in China, the official PMI indicator (taking into account the large public companies, especially) fell to 50.1 points last month, its lowest level in eight months. The PMI that make HSBC and Markits, however, reflects a downturn in manufacturing activity in 49.3 points, although higher than the 48.2 in June.
The Federal Reserve concluded today a two-day meeting, after which it is not expected the announcement of additional asset purchases as a means to inject liquidity into the financial system, beyond a commitment to maintain the official price of money (between 0% and 0.25% at present) to beyond the end of 2014. Since the bankruptcy of Lehman Brothers in 2008, the U.S. central bank has acquired debt held by banks and insurers amounting to 2.8 trillion dollars. This type of monetary stimulus is known as quantitative easing (quantitative easing, in English).
Markets expect a third round of purchases in September, although it is known today that the manufacturing sector contracted in July also, unexpectedly, according to the latest ISM index reading. The Dow Jones was up 0.29% in early afternoon trading, the Standard & Poor's rose 0.27%, while the Nasdaq was down 0.07%.
株式は0.27％の収率と保険料はECBの決定を待つために536に低下
その日のダウトリム損失は6720.1点で閉じます
ベンチマーク10年の利回りは6.7％を超えたまま
主要市場の進化
2012 AGOラフォンイザベル·マドリード1 - 午後6時24分CET
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