Grant Capital (Grant Capital)
Markets  |  October 19, 2012 08:59:43

Thursday's EU summit and schizophrenic Spanish Macro

Yesterday's trading on European stock markets nepřekypovalo significant volatility. The minimum fundamental news can mention perhaps only pleasing fact about the declining yield of Spanish bonds. And as in yesterday's issue, so when trading on the secondary market. Unfortunately Spain cooled optimism reports of ever increasing share of bad loans.

For quite a monitored event can certainly tag EU summit, which did not seem to relate to a particular solution of the economic situation in the countries of southern Europe, but rather profiled as meeting, at which it will deal with the concept of Union Bank.It has three basic pillars and these are the deposit insurance and regulation of the banking sector rescue fund. Rescue fund, known as the ESM, a European stabilization mechanism has been pretty clear outlines, however, the question of regulation and liability for deposits has not been resolved. Half a percent strengthening of the border thus surpassed only German DAX (0.57%). The French CAC scored 0.21% and London's FTSE reviewed by 0.10%.

The PSE umazává 0.18%. The highest performance recorded KITD (7.79%). CME has added over three percent. The rest of titles not seen greater fluctuations.

Stock markets in the U.S. opened on yesterday's conclusions, then perhaps due to poorer data from the U.S. labor market lost. Due to the relatively good macro data, such as the Philadelphia Fed index, however, turned to maximum reached around six hours. Then, however (apparently inadvertently) were prematurely released very satisfactory results of Google. Shares fell by 10%, and after twenty minutes, the trading company was discontinued.   Which of course is reflected in the performance of the Nasdaq, which lost a full percentage point. Dow Jones ended weaker by 0.06%, S & P 500 by 0.27%.

Asian equity markets are shortly before the end of trading sessions without significant activity: Nikkei (0.22%), Hang Seng (0.18%), Shanghai (-0.13%).


Mojmír Boček

Společnost GRANT CAPITAL se specializuje na zprostředkování obchodů s akciemi na burzách v ČR a v USA. Pro více informací navštivte
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Čtvrteční summit EU a schizofrenní španělská makrodata

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