The week just ended was marked by two main themes: the first are reinforced concerns about debt sustainability in the Euro (Portugal, Spain and especially Ireland), the other good news stemming from the U.S. which shows a positive situation (the new applications for unemployment benefits last week fell to 453,000 units, far exceeding the forecasts of analysts who had expected a smaller drop, to 458,000 units, better also expected gross domestic product, which final reading for the second quarter pointed to an increase of 1, 7% higher than the consensus that it was a confirmation of the preliminary data, 1.6%, the Chicago PMI index in September rose to 60.4 points from 56.7 the month earlier, surprising analysts who had expected a decline to 56 points).
This week's concerns about sovereign debt in the euro do not seem to counter the strengthening of the euro, recovering ground to the overall quality of the currencies.
Concerns however were felt sull'azionario European (the worst since he scored Spain with -2.83% -2.11% France). Well instead of the stock of developing countries with the strong performance of Brazil +3.82% followed by South Africa and Russia with 2.23% and 2.11% dragged upward by the price of crude oil.
With regard to the sector for the euro area to report a greater force in the automotive and chemical and industrial, while the worst are the Insurance and Banking sector finally Utilities.
Oil and Gold Bund in the short side.
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