It is due to Mario Draghi and Ben Bernanke if the Dax30 and the Nasdaq100, in recent days, have marked extraordinary increases. The policies of US Federal Reserve stimulus (the announcement that the central bank will buy $40 billion a month until employment recovers) pushed the index higher Nasdaq which in the last five days has gained 1,5% reaching 3.183,95. Since the beginning of the year this is an increase of 25,35% su which was also positively affected by the good performance of the high-tech sector, Apple first of all.
Even the anti-spread shield presented by the president of the ECB has restored confidence in the European markets, and above all in Germany, which is strengthening knowing that it has its back covered by a potentially stronger Europe. The Frankfurt Stock Exchange index, the Dax30, was positively affected: in the last week it gained 2,53%. From 2012 January 25,43 the increase was 7.398,00% up to XNUMX. But the Draghi plan has also brought its benefits to European countries considered most at risk. The Ftse Mib of Milan, after eliminating the losses from the beginning of the year in August, has gained 8,94% since 16.455,81 September to 24,15. The Ibex of Madrid, despite continuing to be below the value of January XNUMXst by at least seven percentage points, has begun to recover and has gained XNUMX% in the last three months.
Meanwhile, however, the emerging Turkey keep sparking. In head of the world rankings YTD it gained 32,97% to 68,167.94. The Istanbul Stock Exchange was rewarded by the discipline of the Turkish economy: the debt/GDP ratio is 42%, GDP has grown by around 9% in the last two years (although growth is expected to be reduced to 2012% for 3,9 due to the European crisis) and the deficit has reduced to 10% of GDP, which continues to be weighed down by massive energy imports. The banking sector is also solid (the share of non-performing loans is less than 3%) and profitable (lending activity grew by 2011% in the first half of 40).
