スペインの株式市場は1'22%減少したが0'57%上昇し、スペインの10年国債の金利は、+413の5'70%?から+401の5'60%?に
La caída de la actividad europea en octubre pesa en los mercados
El Ibex cierra con un alza del 0,57% en 7.791,7 puntos
La prima de riesgo vuelve al entorno de 410 puntos
Evolución en tiempo real de los principales mercados
Isabel Lafont Madrid 24 OCT 2012 - 18:03 CET
The decline in activity in October European markets weighed on
The Dow closed with a gain of 0.57% at 7791.7 points
The risk premium environment returns to 410 points
Real-time evolution of the main markets
Lafont Isabel Madrid 24 OCT 2012 - 18:03 CET
Economic data today have marked the evolution of markets. After learning overnight data reflecting an upturn of the Chinese economy in October, the fragility of the European economy has weighed on markets during the morning then traced with the improvement in the housing sector in the United States during last September information that is known at the beginning of the session on Wall Street.
The Dow has come to fall by 1.22% to 7665.9 points, while recovering ground before noon and remained in profit zone until closing time has been placed on 7791.7 points, with a increase of 0.57%. OHL (+3,64%), Grifols (+2.42%) and Abertis (+2,27%) are the values that move, while FCC (-2.12%), Bankinter (-1.85% ) and BME (-1.2%) are recorded the biggest losses.
The major European markets also rallied to profit zone. London has risen by 0.12%, 0.59% Paris, Frankfurt and Milan 0.27% 0.82%.
In the debt market, maintaining pressure on the Spanish risk premium, the excess return that investors demand to 10-year Spanish bonds compared to German. This differential has risen to 413 basis points (4.13 percentage points), after finishing yesterday at 405, but then closed at 401. The risk premium Italian has advanced to 335 points, after finishing yesterday at 329, reaching the end of the day at 328.
The European stock markets have started the day with gains, spurred by the provisional reading of PMI purchasing managers in the manufacturing sector for October which is made in China HSBC and economic analysis firm Markit Economics: in October stood at 49.1, after 47.9 in September. Although a level below 50 in this indicator reflects a contraction in activity, the best is interpreted as a sign that the activity in the world's economy is stabilizing. The recovery of the largest Asian economy away the urgency of new monetary stimulus measures as interest rate cuts and reductions in mandatory bank reserves.
However, the equivalent figure in the Eurozone has poured a bucket of cold water on investor sentiment. The total activity PMI stood at 45.8 (46.1 in September), the lowest reading since June 2009. The specified service sector stood at 46.2 (46.1 in September), the highest record in two months, unlike the manufacturing index, which scored 45.3 (46.1 in September), the lowest level in two months.
The fragility of Europe's largest economy is one of the main elements of concern. Germany's PMI reflects a decline in manufacturing and services unexpectedly to 48.1 in October, from 49.2 in the previous month, following a sharp drop in exports to the countries of southern Europe. Specifically, the indicator of manufacturing activity fell to 45.7 in October from 47.4 in September, according to estimates from Markit Economics.
Today has also been known index of German business confidence IFO, which fell in October for the sixth consecutive month to 101.4 points move from the previous month to 100, which means, its lowest level since March Indicator 2010.
In the afternoon it was known that the purchases of new homes in the United States in September reached its highest level in two years, which has served to keep the stock positive.
According to Chris Williamson, chief economist at Markit Eurozone fell further into negative territory early in the fourth quarter. "The study is historically recorded levels equivalent to a contraction of the economy of the region by more than 0.5% per quarter. Official data have indicated a surprisingly strong summer compared with the results of the study, but without a doubts the underlying business climate has deteriorated in recent months intensively, "said the expert.
Markit estimated that while GDP may be reduced only modestly in the third quarter, more intense verify a fall in the fourth quarter. "Right now the outlook for the next twelve months are the most pessimistic since early 2009, when the crisis that followed the bankruptcy of Lehman Brothers corporation was in full swing."
Today we know the outcome of the policy meeting two-day Federal Open Market Committee of the Federal Reserve, the body responsible for the formulation of monetary policy in the United States.
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