The week of the Asian markets starts at two speeds. The Nikkei index of the very good Tokyo Stock Exchange, which closed up 1,96%, at 19.642 points, in parallel with a further decline in the yen against the dollar (123,4). Good upside for too Shanghai (+1,58%), while sales on price lists prevail Sidney (-1,83%), Alone (-0,75%) And Hong Kong (-0,31%), still in the negotiation phase.
La slowdown in the Chinese economy in October (-6,9% exports, -18,8% imports) was higher than analysts' estimates pushed the Chinese Stock Exchange, supported by hypotheses on new measures coming from Beijing to stimulate domestic demand.
Wednesday will be held on Single's Day, the day dedicated to Chinese shopping with a discount on Alibaba, which in 2014 generated a turnover of 9,3 billion dollars. A new record would be proof that the Dragon crisis has now normalised. Meanwhile, the authorities meanwhile have removed the block on IPOs after four months of quarantine.
As for the European stock exchanges, the opening is weak: Milano travels just below par, slightly better than Frankfurt (-0,2%) And Paris (-0,4%). Outside the Eurozone, London moves above parity (+0,12%).
Spotlights also on the progress of the GDP of the Eurozone in the third quarter: +0,4% is expected for the July-September period, +1,7% on an annual basis. In the meantime, it will be published todayEconomic Outlook of the OECD.
Quotations of Petroleum recovering on the Asian markets, but below 45 dollars a barrel. The strengthening of the dollar and the drop in imports of crude oil from China have an impact. WTI is trading at $44,74 a barrel, up 45 cents, while Brent is at $47,94 a barrel, up 52 cents.
On the currency markets, stable start to the day foreuro against the dollar, with the exchange rate at 1,0770. Finally, it BTP-Bund spread travels at 111 basis points.
