Bag: running to safe havens, Europe always more ‘down’ with Milan to -2% – Italian Stock Exchange

Telecom collapses of 10% of Niel output perspective (Il Sole 24 Ore Thomson Plus) – Milan, July 6 – It ‘still rush for safe haven assets, with gold on two-year high, yields on US Treasury bonds , German and Japanese new record lows and sales that affect the European stock, oil and the pound. Uncertainty over the Brexit consequences on the fragile global recovery and ‘increased in recent days after escaping from British real estate funds that led to the suspension of refunds to customers for three large funds and after the words of a number of BoE Carney, who has certified the difficult prospects for stability ‘financial. Cosi ‘in the middle’ meeting European stocks 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 fell 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 main Spanish banks while the Royal Bank of Scotland leaves on the ground 4.5%. In Milan, to report the recovery of 9.5% of MPS, collapsed by almost 30% in the previous two sessions, while the government is studying a plan from 2000 to 3000 million which provides the public guarantee on the recapitalization of the Sienese bank. BPM also positive (+ 1.5%) and Ubi Banca (+ 0.42%), no other title, and ‘in green on the main board. Sales primarily affect Telecom Italy that collapses by 10% after the announcement of the impending exit Xavier Niel and the market that becomes more and more ‘competitive for the arrival of the fourth operator Iliad (also founded by Niel). heavy sales even on all assets under management with Azimut leaving the parterre l ‘, 8% and Finecobank suspended at auction at -5.9%. Male luxury, he has reversed course also Yoox Net-a-Porter who gives another 2% from 7% the day before. On the foreign exchange market, the pound has updated the minimum since 1985 against the dollar below 1.29 before recovering to 1.2980 while the cross euro / sterling and ‘at 0.8524. Euro still down on the dollar to 1.10607 (1.1108 from yesterday’s closing). Goes on the run to the yen, considered a safe haven and climbed on top of three and a half years on the pound. The Japanese currency is changing hands at 111.01 (from 112.80) on the euro and on the dollar to 100.29 (101.56). Still weak oil prices after the slip of the vigil on fears over a slowdown in global recovery fragile because of Brexit, on strengthening of the dollar and waiting for data on US stocks. Brent September deadline and ‘trading at $ 47.25 per barrel (-1.48%) while the WTI August and’ in 1.24% decline to $ 46.02 per barrel (from $ 46.60 in the closure yesterday in New York).

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(RADIOCOR) 07/16/06 13:03:52 (0326) 3 NNNN