\n\u00cen iulie, infla\u0163ia a sc\u0103zut \u00een zona euro la 0,4%, de la 0,5% \u00een iunie – cea mai sc\u0103zut\u0103 rat\u0103 a infla\u0163iei din octombrie 2009, iar estimarea de infla\u0163iei pentru august, difuzat\u0103 la 29 august de Eurostat, vorbe\u015fte de o nou\u0103 sc\u0103dere la 0,3%. \u00cen acela\u015fi timp, \u015fomajul \u00een zona euro a r\u0103mas \u00een iulie la 11,5%, iar \u00een Italia a crescut la 12,6%, ceea ce reprezint\u0103 recordul ultimilor 40 de ani. \u00cen mod surprinz\u0103tor, chiar \u00een Germania \u015fomajul a crescut cu 2.000 de persoane, iar indicatorii de \u00eencredere \u00een r\u00e2ndul managerilor din industrie, construc\u0163ii \u015fi servicii \u015fi \u00een r\u00e2ndul consumatorilor au sc\u0103zut pe toat\u0103 linia la nivelul zonei euro. Toate acestea au \u00eentre\u0163inut un anumit optimism pe pie\u0163ele financiare, \u00een ideea c\u0103 orice veste proast\u0103 despre economia european\u0103 cre\u015fte \u015fansele ca BCE s\u0103 cedeze \u015fi s\u0103 se lanseze \u00eentr-un program de relaxare monetar\u0103 identic cu cele aplicate de Rezerva Federal\u0103 a SUA.<\/p>\n
Ministrul german al economiei, Wolfgang Schaeuble, a turnat \u00eens\u0103 ap\u0103 rece pe speran\u0163ele c\u0103 Banca Central\u0103 European\u0103 va porni tiparni\u0163a de bani. “Politica monetar\u0103 a ajuns la cap\u0103tul instrumentelor sale. Nu cred c\u0103 politica monetar\u0103 a BCE are instrumentele s\u0103 lupte cu defla\u0163ia. Avem nevoie urgent, \u00een schimb, de investi\u0163ii, de rec\u00e2\u015ftigarea \u00eencrederii investitorilor, a pie\u0163elor, a consumatorilor”, a spus Schaeuble \u00eentr-un interviu pentru Bloomberg.<\/p>\n
Situa\u0163ia din Europa contrasteaz\u0103 puternic cu cea din SUA, unde indicele bursier S&P 500 a dep\u0103\u015fit pentru prima oar\u0103 \u00een istorie pragul de 2.000 de puncte la \u00eenchiderea din 25 august, iar indicele Dow Jones a marcat la r\u00e2ndul s\u0103u un record absolut pentru interiorul unei zile de tranzac\u0163ionare, ajung\u00e2nd la 17.153 de puncte, peste maximul istoric de 17.138 de puncte la \u00eenchidere atins la 16 iulie.<\/p>\n
Indicii burselor americane au continuat astfel trei s\u0103pt\u0103m\u00e2ni de cre\u015ftere sus\u0163inut\u0103, motivat\u0103 de perspectivele \u00eembun\u0103t\u0103\u0163ite ale economiei SUA, de rezultatele financiare peste a\u015ftept\u0103ri ale companiilor listate (companiile incluse \u00een calculul S&P 500 au avut o cre\u015ftere a profiturilor de 8,4% \u00een T2). Actuala perioad\u0103 de boom bursier post-criz\u0103 a \u00eenceput \u00eens\u0103 de fapt \u00eenc\u0103 din martie 2009, adic\u0103 de c\u00e2nd a \u00eenceput s\u0103-\u015fi fac\u0103 efectul primul val de bani pompa\u0163i \u00een pia\u0163\u0103 de Rezerva Federal\u0103: de atunci, indicele S&P 500 a urcat cu aproape 196%, iar \u00een ultimul an a c\u00e2\u015ftigat 8%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Reuniunea de politic\u0103 monetar\u0103 a conducerii BCE din 4 septembrie este a\u015fteptat\u0103 cu interes maxim de pie\u0163ele financiare. Ultimele statistici din zona euro sunt tot at\u00e2tea argumente c\u0103 avertismentul recent al \u015fefului BCE, Mario Draghi, c\u0103 banca “va folosi toate instrumentele pe care le are la dispozi\u0163ie pentru a asigura stabilitatea pre\u0163urilor” \u015fi c\u0103 “e gata s\u0103-\u015fi ajusteze \u015fi mai mult politica monetar\u0103”, ar putea fi urmat de noi m\u0103suri de reducere a dob\u00e2nzilor \u015fi eventual de un angajament mai clar \u00een direc\u0163ia pornirii tiparni\u0163ei de bani dup\u0103 model american.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[82,8830,368,17272,25190,438,184,8193,8790,8674,8884,29930,11256,106,21047,13242],"class_list":["post-111131","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-bani","tag-bce","tag-burse","tag-deflatie","tag-draghi","tag-europa","tag-inflatie","tag-piete-financiare","tag-politica-monetara","tag-record","tag-rezerva-federala","tag-schaeuble","tag-somaj","tag-sua","tag-tiparnita","tag-zona-euro"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/111131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111131"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/111131\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}