Britannia, full speed ahead towards Europe. The Stock Exchanges of the Old Continent bet compactly on no to Brexit of the voters who queue at the polling stations in these hours. The pound is at its peak (1,4840 against the dollar), share prices recorded substantial increases also favored by the data on the PMI manufacturing index of the Eurozone (Markit index at 52,6 against a forecast of 51,3).
In Milan, the Ftse Mib index gains 2,2% to 17.700 points. Paris and Frankfurt go up by 2%, Madrid +1,7%. The London Stock Exchange is up 1,5%. The spread between BTPs and Bunds is down to 131 basis points from 137 points at yesterday's close: the 1,38-year Treasury yield is at 0,06%, down five basis points. The German XNUMX-year yields XNUMX%.
In terms of raw material, the price of oil is on the rise: on the markets after the declarations of the Saudi energy minister: the imbalance between supply and demand, he said, has now been reabsorbed. WTI futures rise to 49,44 dollars, Brent trades at 50,17 dollars.
In Piazza Affari gallop the banks. EU lenders rallied around 11% in just four days. Banco Popolare is up 4% after the positive closing of the capital increase (99,4% participation, for a value of 990,1 million euro). Banca Popolare di Milano benefits from it +4%. Ubi Banca's rally continues +4%. Mediobanca +3% and Intesa +2,7% also performed well.
A sudden flare-up at the end of the morning ignited the prices of Unicredit +3,70%: the daily Puls Biznesu writes that Unicredit, with the help of Morgan Stanley, is verifying whether the Polish government is interested in buying Pekao. Partial confirmation came this morning from Poland's Treasury Minister. A meeting of the select committee is in sight which must present to the board of directors the list of names selected for the succession to Federico Ghizzoni. At the top of the list there is Fabio Innocenzi, current number one of Ubs in Italy.
In May, the collection of mutual funds returned to positive territory and the total balance of flows from the manufacturing industry managed savings it thus rose to 3,1 billion euros from the 2,4 billion obtained in April. Azimut advances by 2,8%, Banca Mediolanum +3,36%. Positive morning also for Atlantia which rose by a good two percentage points on the day in which Beremberg started hedging the stock with a "buy".
Brilliant the automotive: Fiat Chrysler +1,13%, Ferrari -2,02%. Cnh Industrial does even better +4,10%. Leonardo +2,8% and Telecom Italia +4,1% also did well
