Week of negative stock market for nearly all international exchanges, and those of developed countries and emerging ones. In Europe in particular have suffered still Mib FTSE and the CAC, while only Germany has limited the danni.Le crises between member countries of the European Monetary Union countries are pushing as strong as Germany, to require the creation of a permanent mechanism for resolving financial distress. The week saw large widening of spreads, with a final recovery on the voices of Ireland access to emergency funds, and this has caused a fall in bond indices. U.S. stock markets indexes have scored a 2% loss, but losses were higher in emerging countries, among which Brazil, India and China. The latter shows a situation of cyclical overheating, which resulted in the recent rise in inflation (4.4% reached). Important Repercussion on the global economy will result from the way in which Beijing will handle this heat, it will use the tools going to slow growth or if it takes with other tools to ease the pressure.
At the sectoral level have remained positive and that only the car sector of the Goods for the home and the person, but have limited losses, too industrial. Minus signs to the Insurers, the building materials sector and the Flight.
the foreign exchange market, the uncertainty the timing of access to emergency funds of Ireland has seen all the cross recover against the Euro, the dollar recovered almost 3%.
This week the focus will be keeping the trend of short S & P 500, and the hypothesis that a violation could result in quick remedial effects. The trend remains positive medium and long. In sharp correction also raw materials, although the appreciation of the dollar stuck in reverse losses, the reason for the transfer is to be found in China and the policy of cooling its economy, being itself the main source of demand for raw materials globally.
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