The markets are affected by the countdown to the referendum on Brexit of June 23 discounting a strong volatility. The main European squares close in decidedly negative territory with Milan, the worst price list in the Old Continent, which is dragged down by the banking sector and the oil sector, down by 2,91% to its lowest since February.
Today, in hearing at BrusselsDaniele Nouy, chairman of the Supervisory Board of European Supervision, said that market conditions are still tough for European banks. Banks have taken further steps in recent months to increase their stability and profitability, Nouy said, recalling that the system faces a wide range of structural challenges.
Lo Btp Bund spread it widens by two percentage points to +142 basis points and a yield of 1,45%. Today in the auction, the Treasury assigned three-year BTPs with a yield as expected, slightly up to 0,08% against a demand for 3,52, 5 billion and an placed amount of two billion. The gross rate of the seven-year BTP with maturity instead fell by 0,83 basis points settling at 3,96%, the demand was equal to 3 billion against the 30 billion offered and fully allocated. The Treasury also placed two BTPs with a 01-year maturity: the BTP maturing on 09/2044/641,5, was issued for an amount of 2,10 million with a yield of 1,55% against requests for 01 billion and the fourth tranche of the BTP expiring on 03/2047/1,258,5 was assigned for 2,49 billion with a yield of 1,99% and requests for XNUMX billion.
Bearish closing also for the Asian lists: Tokyo -3,51% weighed down by the strengthening of the yen, Shanghai (-3,21%) and Hong Kong (-2,52%) closed negatively, affected by the climate of uncertainty for the British referendum. China's May industrial production and retail sales data were released this morning, indicating a stabilization in Beijing's economy. Industrial production marked an annual increase of 6% and +0,45% on a monthly basis. The figure is essentially in line with expectations. Retail sales, on the other hand, rose by 10% on an annual basis in May, slightly down on April's 10,1% and on forecasts by analysts who expected a confirmation of the previous month's values.
The markets are looking to Wednesday when the Fed, which meets for the monetary policy meeting, will be able to give new indications on the rate hike and the subsequent appointment with the Boj which it may decide to expand stimulus to the economy. On Wall Street, where indexes are falling, the announcement of Microsoft to buy LinkedIn for $26,1 billion. Sales on Bill Gates' giant while the professional social network soars over 40%.
Il exchange euro Dollar it rose by 0% to 0,35, remaining below the 1,1287 level. WTI oil slips by 1,13% to 0,41 dollars a barrel and Brent by 48,87% to 0,46 dollars a barrel. In Piazza Affari, sales and suspensions on the banking sector: Banco Popolare -50,31% while the capital increase is underway, Bpm -10,08%, Mps -9,9%, Banca Mediolanum -9,14%.
Oil prices are also down with Saipem -6,14% at 0,347 euro once again below the prices of the capital increase. Among the blue chips, only Snam closed in positive territory +0,57%. Rcs +1,36% on the day in which the exchange offer by Cairo Communication gets underway and will end on 8 July. Over the weekend, Consob gave the green light to the rival takeover bid which was launched in cash by Andrea Bonomi and will start on June 20th. On the other hand, a negative debut for Cairo Communications -5,6%.
