Monday, June 6, 2016

Brexit risk rising, the EU lists held after difficult start – The Republic

MILAN – Hours 10:40. The assumption that the people of Britain decides to leave the EU back to worry the markets. Just a few days ago, the polls ahead of the referendum on the Brexit next June 23 showed favorable to stay in the lead, with bookmakers which took note of the groove that is he was gradually digging. But analysts warned about the possible volatility of the days to follow. And, on time, the latter has returned to become the main protagonist. Sparked concerns are new polls, which overturned the convictions of a few weeks ago: a YouGov for the network ITV places the output from Europe at 45%, ahead of those who would vote to stay (41 %). Another survey by TNS is the Brexit to 43% and “yes” to Europe at 41%.

The first impact came on the pound, which was brought to its lowest since three weeks losing ground against all major currencies competitors: you got to lose more than 1% against the dollar to 1,435. L ‘ confirmed above $ 1.13, the level reached Friday after disappointing data on US jobs have thinned the chances of a monetary tightening by the Federal Reserve, the European currency is changing hands at $ 1.135 and 121.6 yen. The EU markets, plan parties, manage to strengthen despite the uncertainty. Milan turns rising by 0.1%. One to watch is the Banco Popular, the first day of the capital increase. Shortly move the other: London halls of 0.7%, Frankfurt 0.1% and Paris is unchanged. The spread between Bund and BTP opens at an altitude of 128 after closing last veredì to 127 points. The yield amounted to 1.35%.

The markets are struggling to find support from the main macro-economic data of the day, from Germany: German industry orders fell by 2% cyclical in April, much worse than expected. The raw index instead shows a trend increase of 2.4%. As is the case for some time, to put pressure on the German factories is the negative performance of the emerging markets: foreign orders are in fact fallen by 4.3% on the month, the internal ones have risen by 1.3%. The agenda also ranks the confidence of European investors. There are great expectations for an official release of Janet Yellen , in the late afternoon Italian: after the disappointment derived from the employment report, the United States are concerned about the future monetary policy moves by Fed.

in the morning, weak closure for Tokyo Stock Exchange : the Nikkei 225 index finished the first session of the week with a 0.37% decline to 22,516 points . In terms of raw materials, the oil treated on the rise in Asian markets. The Brent futures remained just above $ 50 a barrel, WTI has increased to $ 49.11 per barrel. L ‘ Gold is a little moved in Asia at $ 1241.29, with a 0.23% decline.

Wall Street again today after a sitting nervously on Friday, characterized by a very disappointing US employment report: no one expected that in May only 38,000 jobs were created; In fact, the estimates were for an increase of 158,000. The Dow Jones lost 31.5 points, or 0.18%, to 17807.06 share. The S & amp; P 500 surrendered 6.13 points, or 0.29%, to 2099.13 share. The Nasdaq has left on the ground 28.85 points, or 0.58%, to 4942.52 share. In the week, the index of 30 blue chips was down by 0.4%, while the benchmark has remained almost unchanged, and the technology has managed to gain 0.2%.

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