The rate curve is inverted for the first time in a decade and the doubts creep to Wall Street
Continues to live the quote of the Ibex 35
The widespread falls yesterday on Wall Street have been infected this Wednesday to Europe , where their major indices have managed to moderate losses after a boot session with kicks higher to 1.2%. The lack of specificity about the truce trade reached by the united states and China in the G-20 summit last weekend shot on Tuesday, sales on the exchange floor in new york, where the S&P 500 and Dow Jones is left somewhat more than 3% and the Nasdaq brushed -4%.
The negative sign was moved during the early morning hours to Asia, where the main indicators of China and Japan gave more than 0.5%. And a few hours later, history repeated itself in Europe: the Cab Paris has lost the closing 1.36%; the Dax in Frankfurt, a 1,20% and the Ftse 100 in London, a 1,44%. Only Italy has managed to make up the recoil until the -0,14% in the face of rumors that the Italian Government will send next week a review of the Budget to the European Commission.
As in Spain, the Ibex 35 has managed to save very little as 9,000 points (9.012) with a decline of 0.55%. A day more, the supermarket chain Day has been the red lantern of the table, with a drop of 5.4% after news that Stephan Shower has resigned from his duties as a director of the Sunday to focus on the feasibility plan of the company. the Mediaset (-2,07%), Cie Automotive (-2,06%), ACS (-1,96%), and Arcelor (-1,61%) were located between the values with the worst behavior, in front of IAG (+2,11%), Naturgy (+0,40%) or Banco Sabadell (+0,37%), who have led the gains.
The distrust of truce trade reached between the U.S. and China at the end of last week at the meeting of the G-20 and the fear of an economic slowdown at the global level are behind the massive sales to the other side of the Atlantic.
Donald Trump again used Twitter to ensure that negotiations with China would end up with “a real agreement” or any agreement and that shot of the doubts. This Wednesday, Wall Street will remain closed as a tribute to former president George Bush, sr., who died at the end of last week, so that will have to wait until Thursday to gauge the mood of investors.
We are either going to have a REAL DEAL with China, or no deal at all – at which point we will be charging major Tariffs against Chinese product being shipped into the United States. Ultimately, I believe, we will be making a deal – either now or into the future….
? Donald J. Trump (@realDonaldTrump) December 5, 2018
On the day of Tuesday, joined, also, the behavior of the curve type american, who invested for the first time since 2007. That is to say, for the first time in many years, the yields of short-term bonds outperformed long-term debt. Far from an interpretation alarmist, this fact reinforces the line that point to other macroeconomic factors on a slowdown in the pace of global growth and that encourages the doubt from the investors.
back to Spain, the risk premium national is located at 118 basis points, with the interest demanded the bonus ten years in the 1.46%, while the price of the euro against the dollar has been placed in 1,1343 greenbacks.
The barrel Brent , of reference in Europe, has climbed to 62 dollars, coinciding with the eve of a new meeting of the OPEC (Organization of Petroleum Exporting Countries) and the possibility of an agreement to cut production.
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