Once again it is the referendum on Brexit to move the bags. In a market with still low volumes, what makes the difference is the easing of tensions on the referendum to be held on June 23, in the light of polls which show that Britain's permanence within the European Union is increasingly probable.
After a black week, which ended with increases on Friday, the approach of the referendum benefits the European lists, which travel in broadly positive territory in the middle of the day: Paris + 3,05% Frankfurt + 3,18% London +2,68%. It is no less Business Square, up 2,72%.
Spotlights above all on banking stocks, among the brightest on the list. In this case, in addition to the easing of Brexit tensions, he weighs the rebound after a very tough week for the sector.
Among the best stocks in the sector Unicredit + 4,64% Intesa Sanpaolo + 4,51% MPS Bank + 6,15% bpm + 5,97% Mediobanca + 5,36% Where's Banca +3,47%. The indiscretions on the appointment, in the short term, of the new CEO, which should be Corrado Passera, also contribute to the rise of Unicredit.
Positive day, in any case, for almost all the titles in the main list, among which it stands out Azimuth, pink jersey of the list with a gain of 7,48%.
Also good Eni, +2,33% also thanks to the increase in the price of Brent. Growing too Mediaset +3,38% and Telecom Italy +4,36%, despite the detachment of the coupon for savings shares.
The detachment of the dividend (evaluated at 0,7% on the securities concerned) weighs on the other hand Enel, the worst title on the list with a drop of 2,09%. Down for the same reason too Terna -1,12% and A2A -0,76%. The electoral victory of Sala does not affect the Milanese municipalized company which, like his opponent Parisi, has expressed his opinion that the municipality should fall below 50% of the company.
Much heavier, among the municipalized ones, That, which after the election of Virginia Raggi as mayor of Rome, dropped 4,2% at 11 euros, while Kepler Cheuvreux reduced the target price from 14 to 12,5 euros, confirming the hold recommendation. Analysts are worried that the new mayor Raggi could change "the board of directors for political reasons", ending up altering the group's strategy in a negative way. Bad too Iren (-3,55%) after the turnaround in Turin with Appendino's victory over Fassino. The Bolognese municipal company rose slightly (+0,33%). Ivy after the confirmation of the mayor Pd Merola.
After dropping 8 basis points on Friday, the BTP/Bund spread decreased by more than 10 points in the morning, reaching 130. A sharp drop compared to last Thursday, when, at the height of expectations for a possible "brexit" victory, the spread had risen to 154 bps, the highest since last February 12th.
Among other news to report: the public exchange offer of International Media Holding (Bonomi and partners) on Rcs Mediagroup gets underway today, to end on July 15th. Also starting today, Recordati joins the Ftse Mib to replace Anima Holding.
