After black Friday, which closed last week, is a new day of sales on the equity markets and is flurry of suspensions for bank stocks. The closer the referendum of June 23, by which the British public will have to decide whether to stay or leave the European Union, plus the assumption of Brexit (the exit from the EU) is scary. Although there are no precise indications, certainly Brexit will also encounter one of the central themes of the 18 this afternoon between the European Commission President Jean-Claude Juncker and President of the ECB Mario Draghi. To Brexit fears are added, then, the uncertainties about the monetary policy decisions of the Fed, the US central bank.
worsens midmorning
Thus, the new week began with the collapse of Asian stock exchanges (Tokyo -3.5%, Shanghai -3.21 %, Shenzhen -4.7%) and continued with the fall of European stock exchanges. The Eurostoxx 50, the basket of 50 major eurozone bonds, marking a decline of 1.24%. Milan is the black mesh of Europe: a half steps back seat of 2.3%, returning to the 24th febbrai levels. Madrid is at -1.55%, -1.38% Paris, Frankfurt -1.28%. Less nervous London -0.65, that seems less concerned about the risk of leaving the EU. Investors leave assets deemed riskier starting dall’azionariato of the peripheral European countries, by bank stocks and the pound (which lost another 0.7% against the euro and 0.5% against the dollar). And take refuge in government bonds: sold out for the auction of Italian BTP 7 billion.
Flurry of suspensions during the morning for banks, such as BPM, BPER (Banca Popolare dell’Emilia Romagna ), Banco Popolare and MPS. Heavy intended to merge the two banks: Popolare Milano is giving 7.22% and Banco Popolare 6.31%. Higher than the fall of MPS (-6.15) to 6%, while Carige lost 5.46%, B to 4.74%, 2.77% and Unicredit Ubi 3.52%. “We can absolutely trust the Italian banking system,” he said, however, the Minister of Economic Development Carlo Calenda, interviewed at Mix 24. “We will leave this situation – he added – the system has supported the weight of the crisis, and we will come out good” . As for the bottom of Atlas, it is an “extraordinary operation that has secured, in a very difficult time, the Italian banking system. At a time when Europe, after having granted to countries to help limited its banking system, closed the gate, and cut us off. “
Gold rising
the Brexit fears are felt, as also said the euro / sterling exchange and also gold, which year to date have increased of 20%. In a speech yesterday at the BBC British Prime Minister David Cameron he said that in case of Brexit Britain would lose a decade in terms of growth, investment and social spending. Calenda said he agreed with the statements of Prime Minister Matteo Renzi, especially the fact that the exit of Britain from the EU would be “a disaster for the British than for Europeans.” And the Deputy Minister of Economy, Enrico Morando, says he is convinced that in the end the British will choose to remain in Europe. A worry investors are, however, also fears the progress of the global economy and the Fed’s choices and the Central Bank of Japan who meet in the week. According to the US Fed’s forecasts should leave rates unchanged, but is waiting to tell you what the President Janet Yellen in a press conference Wednesday, June 15.
The on RCS Ops
it is meanwhile playing today Ops (public exchange offer) promoted by Urbano Cairo on RCS (the company that publishes Corriere della Sera ). In the middle seat it remains high but it reduces the loss of Cairo Communication, now downhill of 3.69% (from 5.51% in mid-morning), and has expanded the decline of RCS (now at -2.27%) . Friday the Board of Directors of RCS has rejected the proposal of Cairo judging it “not positive” and “not appropriate” the consideration offered to the shareholders. On June 20 of the takeover offer launched by Andrea Bonomi and four historical partners RCS and RCS board you will have to express Bonomi on the proposal by June 17. “The market looks to Cairo moves, which has until the end of this week to change the terms of its Ops” recalls ICBI in a statement, pointing out that the listing of RCS ‘continue to incorporate improved conditions. “
June 13, 2016 (edited June 13, 2016 | 14:28)
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