L'ITALIA RIPARTE SOLO ATTIRANDO I RICCHI E I BRAVI E CACCIANDO I POVERI E INCAPACI


MORGAN STANLEY SUGGERISCE DI VENDERE AT1 DI UNICREDIT

nota di morgan stanley..
We'd been looking for this to sell AT1s - to be in a position to buy them back on expected pre-UK referendum volatility.  Hence we move to assertively sell AT1s now in the current strength and add UniCredit and Barclays AT1s to our recommendations to sell.   To be clear, our economists'base case is Remain in euro  (60% probability). Our concern is more about possible market turmoil before we get to the vote, and the impact this will have on a high-beta asset class like AT1s. It's more about 'who might be next?' (see our EU-sceptic poll data, in particular for the Netherlands) rather than fully UK-centred concerns. Spain's election on June 26, the approach of the pre-summer quarter-end and recent AT1 strength may all exacerbate volatility

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1 commento:

Anonimo ha detto...

Benissimo, allora oggi si compra UC !!