Monday, November 28, 2016

Square the Business towards the referendum: – 1.8% of weight of the banks and salt to the spread – The Republic

the MILAN - Begins the week which is decisive in view of the constitutional referendum and the lists of the european deal with rain: London marks a decline of 0.6%, Paris moves back of 0,88%, while Frankfurt yields 1.09%. the Milan wearing the black jersey and lost 1.81 per cent the final, after having momentarily recovered the ground lost riallineandosi to the other. Monte dei Paschi accused of Piazza Affari, where yields more than 13 percentage points: the Consob has given the go-ahead to repurchase the bond or subordinate, with the conversion into shares, and the title is the most sold of the main board. Sign larg ely negative for the other big names in the industry such as Unicredit and Banco Popolare. The Financial Times has thrown gasoline on the fire, attempt dose on Italian banks and foreshadowing a scenario that directly connects the solvency of eight institutions in the victory of the “no” in the referendum. A position that is stigmatized by the minister Padoan during a press conference of presentation of the Manoeuvre: “The banks mentioned are well-known cases, there is no news. Are different cases to be treated with different perspectives” and there is “nothing strange about what is written.”

In a report in the morning, analysts at Barclays analyse the possible scenarios after the vote, in relation to the performance of the securities of the State: four hypotheses, two for yes (with high or low turnout) and two for ” no ” (always with high or low participation of voters. From the british bank show that a defeat of the line of Matteo Renzi could widen the spread (with different intensity according to the proportions of the victory of the “no” and the number of voters); the variable key would be, however, the Ecb, called the following Thursday to extend the Quantitative easing. With the umbrella of Mario Draghi strengthened, on the face of the securities Was not seen in the shock insurmountable inbox: enough tones from “dove” to the Eurotower to put on the yield differential binary acceptable. The spreads between Btp and Bunds widens to 187 points at the end of the session, after having reviewed 190, w ith a yield near 2.1 percent. The Treasury has placed all six billion euros of Bots at six months offered in the auction today, with rates on the rise: the average yield rose to -0,199% from the historic low of -0,295% of the placement of October.

The mayor has highlighted the weakness of confidence of consumers and businesses, the italians, while the Oecd has directly intervened in the political debate tricolor with a support that is open to constitutional reform. From the report, in the afternoon, the report of Mario Draghi to the european Parliament.

Is below par Wall Street, that retrace after the record of last week: the closing of the Exchanges in the Old continent, the Dow Jones lost 0.3%, while the Nasdaq and the S&P500 are aligned by 0.4%. The manufacturing index for the area of Dallas has accelerated greatly the pace in November, bringing in positive territory: 10,2 points.

international investors are worried by the fact that the intentions of cuts in the production of oil announced by the Opec at its meeting in Algiers, concluding with a stalemate: the fear is also expressed by Saudi Arabia in view of the Vienna summit of 30 November. The main puller of the cartel has diserterà the meeting with Russia and the other Countries producers, on the agenda today, because it asks that before there is a clear and unambiguous within the Opec, and then open the dialogue with non-participating Countries to the Organization. The Oil minister of iraq has tried to feed the trust saying that he is “optimistic” about the possibility of an agreement in Vienna. Indications that they have put back on track, the oil prices: at the close of the european markets, the Wti goes back to 47 dollars per barrel and the Brent crude recovers share $ 48.

foreign exchange marketeuro: closes substantially stable at 1,0586 dollars, after rising up to 1,0686 dollars. It is a recovery technician following the recent rally of the greenback, bolstered by the prospect of a rate hike in mid-December, now almost taken for granted. The advancing of the yen, which amounted to a quota from 112,30 on the dollar and to 118,90 on the common currency.

The chinese Exchanges have closed the session contrasted, while the yuan has weakened, still on the dollar with the chinese central Bank which set the central parity at an altitude 6,9042, 126 basis points lower than Friday, always around the minimum of the last 8 years and a half: Shanghai has gained the level of 0.46%, Shenzhen have you sold in the final of 0.14%. The Tokyo Stock exchange has terminto instead trade with a slight downside, breaking the streak of 7 consecutive meetings, after the appreciation of the yen: the Nikkei marked a decline of 0.13%.

Said of the oil, between the raw material salt for the second consecutive day the price of thegold after the splash of the past few days that had brought him to the lowest levels in nine months. At the close of the european markets, the lingotto with immediate delivery recovers to 0.7%, and passes from hand to 1.192 per ounce.

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