European shares shove another negative session, depressed by banks and insurance companies that are serving the concerns of global investors on the effects of Brexit (three maxi British real estate funds froze repayments to clients). While they are flying safe assets, with gold that tests the maximum of two years to share $ 1,357 per ounce and the BTP-Bund spread stood at 141 basis points, & Info downward dell’2,26%, recovering however, from the lows of the day (-3%). In Milan sinks Telecom Italy (-10.8%) after the French financier Xavier Niel has announced that it will unmount ‘the derivative position, representing approximately 15% of participation in the capital of the company’ tlc.
Giu ‘also popular and Saipem while Mps bounces (+6%) on now real prospects of a State guarantee to the new capital increase that will make’ need to meet the demands of the ECB. well Yoox Net-A-Porter (+ 3.2%) after the presentation of the new plan that provides a neutral impact of Brexit. Resists RCS (+ 0.7%) pending the final match between Cairo and roped Bonomi. The foreign exchange market, the euro still falling dollar to 1.107 (from 1.1108 yesterday closing). Goes on the run to the yen: the Japanese currency is changing hands at 111.9 (from 112.80) on the euro and on the dollar to 101.1 (101.56). However stands out above all the pound, dropping to 1.291 share on the dollar, updating the minimum since 1985. virtually stable with WTI Oil down 0.2% to $ 46.5 per barrel.
in Milan penalized the entire banking industry to the MPS exceptions , recovering 6% (but had also gained 14%). For the Sienese bank talking about a capital increase guaranteed by the State, with a maneuver of 2-3 billion euro to be pursued in parallel to the sale of NPL. Economy Undersecretary Pier Paolo Baretta said that Italy is moving in agreement with the EU and that `the starting point Became protect savings’. But the report with which Morgan Stanley has lit a beacon on the Italian banking sector in view of the EBA stress test, depresses also Bper (-7.1%) and Banco Popular (-6.1%). Also sales of Azimut (-5.3%), although it stands out above the 10.8% of Telecom Italy, stop in the auction of volatility ‘already’ in the early stages of the session after the French entrepreneur Xavier Niel, has announced that in the coming weeks will unmount ‘its position in the group and on the prospect that the Italian telecoms market will become’ more ‘competitive, with the entry of the fourth operator Iliad (also founded by Niel). You save the downside, however, Intesa Sanpaolo (-0.2%) on which Morgan Stanley maintains overweight rating with a target price of EUR 2.6.
6 July 2016 (amendment 6 July 2016 | 19:29)
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