America

After weeks of calm, the Vix index showed Friday night a real surge moving up 5 points from 12.5 to 17.5 points, + 40% in one day stock market, triggering a real bell alarm among international operators.

Soaring Vix was the prelude to the Wall Street meltdown. New York was in fact the first to pay the consequences; specifically the Dow Jones closed at -2.13%, S & P500 lost 2.45% while the Nasdaq closed at -2.54%. A first analysis indicates in the words of Rosengren, who on Friday had accused the Fed going to be laggard in raising interest rates.

Although yesterday in the morning the upside seemed limited, the price managed to mount 102 yen, thus closing above the monthly PP and alleviating some downward pressure. Nevertheless, the 55-day SMA stays intact, suggesting the near-term outlook remains negative and 100.80/70 is still a viable target. This support mainly consists of the 50% retracement of the 2012-2015 rally and monthly S1. Additional strong demand is seen at 100 yen, and for the time being this we consider to be the floor.

It is too risky to continue to postpone a rate hike. Especially since there are "reasonable terms" so that they are raised. The message delivered by Eric Rosengren, president of the Federal Reserve Bank of Boston is very clear.

And the market returns to fear monetary tightening, perhaps sooner than imagined. Considering US central bank’s meeting on next 20 and 21 September, there are very few contrary convinced that the institute led by Janet Yellen will resume as early as this month, the normalization of monetary policy started in December 2015 for the first time since June 2006. This is demonstrated by a survey of the Wall Street Journal, that only 13.1% of economists expects an increase in Fed rates in less than two weeks. According to 73.8% of respondents, there will not be tight until December.

US media company Liberty Media acquires Formula 1: the deal, which evaluates the sport $ 8 billion, starting with the acquisition of a 18.7% stake for $ 4.4 billion. Bernie Ecclestone remains CEO, while Chase Carey was named president. The full acquisition will take place when the agreement will be permanently closed, expected in the first quarter of 2017. In detail, Liberty Media – reports the CNBC – would pay $ 1.1 billion in cash, $ 131 million in the communication group actions and 351 million in the form of debt issued by the same Formula One.

The US labor market confirms strength, keeping unemployment at the lowest level since 1973. In the week ended September 3, Americans who applied for unemployment benefit in the USA decreased 4,000 to a seasonally adjusted 259,000.

PayPal continues to consolidate its presence in stores and in the business of "traditional" type, through a new agreement with Mastercard, taking a little distance from the web, where it was born as a complementary service to eBay, which was spun off in 2015.

After the agreement with Visa,announced in July, the company struck the deal with Mastercard to strengthen its presence directly at the stores and become a universally accepted method of payment.

Volkswagen buys 16.6% stake in Navistar, American truck manufacturer, according to analysts is the first step for the spin off of the division of trucks expected next year.

The German group will thus seek to expand its presence in the American market by focusing on activities related to trucks. The two companies have been talking since early 2015, and they reached the agreement for developing new products.

The common European currency is between two strong clusters against the US Dollar on Monday, as the currency exchange rate previously on Friday retreated from the 1.12 level by the end of day’s trading session. However, the resistance from the upside is stronger, as the support cluster, and the daily aggregate technical indicators forecast a fall for the currency exchange rate during today’s trading session. Due to that, it is most likely that the Euro will depreciate against the Greenback by the end of Monday’s trading.