Share

Brexit shakes the stock exchanges: Milan in the red, banks at peak

After the -3,51% in Tokyo, all the European stock exchanges are negative – Piazza Affari rains of sales on the banking sector: Banca Pop Milano, Mps, Banco Popolare and Mediolanum are targeted – Even oil companies are bad after the drop in the price of the WTI – Cairo Communication's exchange offer for RCS is underway.

Brexit shakes the stock exchanges: Milan in the red, banks at peak

The nightmare Brexit continues to weigh on the European lists. As the appointment with the referendum that could sanction Great Britain's exit from the European Union approaches, the world stock exchanges, and above all the European one, continue to travel weighed down by a climate of strong concern.

It weighs, in the general situation, too strong yen. The Japanese currency, in fact, jumped to a maximum in the last month against the dollar (105,85) and to a maximum in the last three years against the euro (119,21).

After the downward closing of the Asian price lists (Tokyo -3,51%), the day opened with a minus sign on all European stock exchanges: Frankfurt -1,42% Paris -1,62% London -1,32% . Also Shanghai (-3,21%) And Hong Kong (-2,52%) closed negatively, reflecting the climate of uncertainty for the British referendum. Worse yet, though, does the Ftse Eb which yields 1,97%, weighed down above all by the banking sector. 

The three worst stocks of the Italian list, in fact, are Bank Pop Milan -6,19% Banca Monte Paschi Siena -5,52% and Banco Popolare -5,1%. La Popolare and Mps, as well as Bper, have been suspended.

Sales also on Unicredit -2,61%, after the president Giuseppe Vita said that it will be necessary to wait for the end of July for the new CEO, Where's Banca -3,31% Intesa Sanpaolo -3,32% and Banca Mediolanum -4,35%, in a sector which overall loses 2,95% and which, like the whole Italian basket, is characterized only by the minus sign.

In the very heavy luxury sector Yoox Net to Porter -4,08%, while Luxottica, after the target price cut by Barclays, dropped by 1,84%.

Oils are also bad (-1,49% sector), after the clear retreat in the price of the barrel, from almost 51 dollars on Friday to 48,52 on the WTI this morning. Eni -1,53% Saipem -4,44%. Among other energy Snam -0,69% Terna -1,52% ed Enel -1,66%.

Among industrialists bad fca -2,70%, while Cnh Industrial limits damage to -0,92%, .

To keep an eye on, outside the basket of blue chips, the situation of Rcs (-1,49%) on the day in which the exchange offer by Cairo Communication kicks off and will end on 8 July, while over the weekend Consob gave the green light to the rival cash offer launched by Andrea Bonomi.

comments