The Brexit Referendum is a little less scary and the markets are betting on the comeback of the front in favor of the permanence of the European Union, especially after the murder of Jo Cox, which has shaken British public opinion. The recovery had in fact already begun yesterday afternoon and continued this morning on the Asian lists, which closed in positive territory. Even Europe, despite Wall Street's weak start, closed the session with a plus sign: the Ftse Mib rose by 3,49% pushed by the banks, with the Btp-bund spread returning below 150 points ( and yield at 1,51%). Paris +0,98%, Frankfurt +0,85% and London +1,19%.
Meanwhile, the European Commission officially indicated that on June 24, the day after the Brexit Referendum, the presidents of the EU Commission Juncker, the Schulz Parliament and the Tusk Council will meet in Brussels to discuss the results. Draghi, on the other hand, will remain in Frankfurt in the cockpit of the Eurotower to face the eventual victory of Brexit.
Meanwhile, the European economic ministers met today in theEcofin: the anti-evasion measures of multinationals and the European bank deposit insurance scheme are on the table. On the first front, the measures to counter aggressive tax planning by multinationals on a European scale, there is optimism even if Belgium has asked for time until Monday at midnight to give its consent and hesitations have also been expressed by the Czech Republic. On the second front, the press release notes that "the EU Council will continue the constructive work at the technical level on the European bank deposit insurance scheme", but the negotiations at the political level will only begin "as soon as sufficient progress has been made on the measures to reduce the risk".
Overseas, on the weakness of Wall Street the light and dark data on construction weighed: new construction sites in May fell by 0,3%, above estimates and building permits rose by 0,7%, below estimates. Oil also took a breather, with a decisive rebound: Brent rose by 2,69% to 48,53 dollars a barrel and Wti by 2,53% to 47,42 dollars a barrel. The euro-dollar is trading at 1,1248 (+0,16%) and gold is up 0,83% at 1288 dollars an ounce.
VENETO BANCA SHAREHOLDERS WRITE TO RENTI
CAIRO CALLS THE BOD
At Piazza Affari the banking sector it is even marked by several upward suspensions. The best stock is Banco Popolare, in a rally of 12,88%, followed by Ubi Banca (+9,96%), Bper (-9,93%), Bpm (+9,82%) and Unicredit (+9,44 %). Piazza Cordusio is heading towards a shortlist of 4-5 names for the appointment of the new CEO.
Meanwhile, on the front Veneto Bank the road becomes even steeper: the large shareholders are said to be backtracking and at the moment only 1% of the capital increase seems to be covered. Thus a new intervention by the Atlante fund is looming, while the quotation on the Stock Exchange is moving away. According to reports from Radiocor, the Per Veneto Banca shareholders' association has asked for the intervention of the highest institutional offices: according to press rumors, in recent days President Zago has written a letter addressed to the President of the Republic, Sergio Mattarella , to Prime Minister Matteo Renzi, to the Minister of Economy Pier Carlo Padoan, to the Minister of Economic Development Carlo Calenda, to the President of Veneto Luca Zaia and to the President of Veneto Banca Stefano Ambrosini, asking for an "intervention in order to achieve the deferral of the of the IPO”.
Also among the best titles in the main basket Soul Holding: +6,11% on its last day of trading in the Ftse Mib (the entry of Recordati will take effect from today's closing).
Telecom Italy +3,92% after the news of the Board of Directors' advance for the six-monthly report from August 4th to July 26th.
Out of the Ftse Mib, eyes on Rcs: +4,13% on the day in which the 5-day window that allows Urbano Cairo to modify his Ops closes. In the afternoon, the rumors of a meeting of the Cairo Communication Board of Directors convened between 18 and 19 pm became more and more insistent, from which the announcement of a relaunch is expected in the late evening.
