Bag: running to safe havens, Europe more and more ‘down’ with Milan to -2% – Il Sole 24 Ore

06/07/2016 13:03

 Telecom collapses of 10% of perspective Niel output
  
 (Il Sole 24 Ore Thomson Plus) – Milan, July 6 – It ‘still
 rush for safe haven assets, with gold on two-year high, the
 Yields on US Treasury bonds, German and
 Japanese new record lows and sales that
 affect the European stock, oil and the pound.
The uncertainty about the consequences of the fragile Brexit
 global recovery and ‘increased in recent days after the escape
 by British real estate funds that led to the suspension
 reimbursements to customers on three large funds and after the words
 the number one of the BoE Carney, who has certified
 difficult prospects for stability ‘financial. So ‘
 meta ‘session European stock traveling on minimum
 day with Paris and Frankfurt that yield 2.15%, London
 limiting losses to -0.75% from purchases that
 reward commodity stocks and the FTSE MIB in Milan
 down by 2.05% to 15,455 points after a low of 15,390
 points. Sales of all European banks, with Deutsche Bank
 that gives 6% and Commerzbank 3.77%, 4% drop for the
 major Spanish banks while the Royal Bank of Scotland
 leaves on the ground 4.5%. In Milan, to report the recovery
 9.5% of MPS, collapsed by almost 30% in two sessions
 earlier, while the Government is studying a plan to be 2-3
 billion which provides the public guarantee on
 recapitalization of the Sienese bank. Positively also Bpm
 (+ 1.5%) and Ubi Banca (+ 0.42%), no other title, and ‘green
 on the main board. Sales primarily affect
 Telecom Italy that collapses by 10% after the announcement output
 imminent Xavier Niel and the market becoming more ‘
 competitive for the arrival of the fourth operator Iliad
 (Also founded by Niel). heavy sales also throughout the
 asset management with Azimut that leaves on the parterre ‘, and 8%
 Finecobank suspended at auction at -5.9%. Male luxury, has
 reversed course also Yoox Net-a-Porter who gives another
 2% from 7% the day before. On the foreign exchange market,
 Sterling has updated the minimum since 1985 against the dollar below
 1.29 before recovering to 1.2980 while the cross EUR / GBP
 and ‘at 0.8524.
Euro still falling on the dollar to 1.10607 (from 1.1108 yesterday
 closure). Goes on the run to the yen, considered an asset
 shelter and climbed on by three and a half year high on
 sterling. The Japanese currency is changing hands at 111.01 (from
 112.80) on the euro and on the dollar to 100.29 (101.56). Yet
 weak oil prices after the slip of the vigil
 on fears over a slowdown in global recovery fragile
 because of Brexit, on the strengthening of the dollar and
 waiting for data on US stocks. Brent September deadline
 and ‘it is trading at $ 47.25 per barrel (-1.48%) and WTI
 August and ‘in 1.24% decline to $ 46.02 a barrel
 (From $ 46.60 to yesterday’s close in New York).
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 (RADIOCOR) 06/07/16 13:03:52 (0326) 3 NNNN