Equity

Bets have turned decisively towards a favorable vote by the British to stay within the European Union after the warning by US President Barack Obama, who warned London the risks caused by ‘Brexit’.

The implied probability of a vote to remain in the union during the referendum of 23 June rose by several percentage points to 75% share, according to Betfair, known British betting agency. According to Ladbrokes however, which is based on live betting, are 73% chances that Britain votes to stay in the European Union.

After 150 years Goldman Sachs opens its doors to depositors. As reported by the Financial Times, the institution has decided to change strategy, according to even the demands of regulators to diversify funding sources.

Goldman last week launched the GSBank.com online platform, inherited along with a block of 16 billion deposits from the acquisition of GE Capital, and to open an account will be sufficient even a single dollar. "The Goldman’s decision to apply to the mass market comes at a time when the bank is under pressure to find new forms of financing," explains the newspaper City. "The results of the first quarter of the major US banks have highlighted the difficulties faced by their investment divisions ahead of volatile markets and stricter regulations."

Gannett Co., USA Today’s publisher and another hundred warheads, made an offer of 815 million dollars (about 724 million euro at current exchange rates) to acquire 100% of Tribune Publishing Company, which he published the Los Angeles Times and the Chicago Tribune, along with nine other newspapers. Both companies are listed and, as a buyer’s specific note, the offer is worth $ 12.25 per share Tribune. The total value also includes 390 million in debt.

"The offer to $ 12.25 also represents a substantial premium over the price of $ 8.5 which Tribune recently issued shares and warrants to shareholders a cash value certain and immediate," said Gannett.

It signed the final agreement for the approximately 50,000 Italians represented by the Task Force Argentina (TFA) in ICSID arbitration proceedings and holders of Argentine bonds in default since 2001. The agreement signed at this time in New York confirms a cash payment equal to 150% original nominal amount of the bonds by the end of June for about $ 1.35 billion, and concerns investors who had not adhered to the two exchange offers (swaps) proposed by the Argentine government in 2005 and 2010.

Daimler conducts an internal investigation on the certification process on diesel emissions in the United States at the request of the US Justice Department.
The response of the Frankfurt Stock Exchange has been a sharp drop in the morning saw the title go down over 6%, just 6.6%.
The German group said it will give full cooperation to the authorities and will investigate any possible indications of irregularities.

The Spanish deficit for 2015 highlights the challenges that the country faces on Public Accounts ground.

It is the opinion of Fitch points out that the slowdown in the consolidation of the accounts last year reinforces the idea that the high Spanish public debt ratio to decline only gradually. The reduction occurred up to 5.1%, from 5.9% reached in 2014 can not obscure the fact that Regional and social security budgets missed their targets.

Precious metals are again attracting a lot of attention with Gold and Silver futures long positioning reaching the highest level since 2013 according to CFTC data. Long-term investors are also starting to jump in, on fear of missing out according to UBS research. China started a yuan-denominated gold fix to compete with London Bullion fixing, yet the impact gold price remains to be evaluated.

Italian Economy Minister Pier Carlo Padoan defends the government estimates the country’s economy. And in testimony before the House Budget Committee, it stressed that the "recovery will increase and with it employment. The public finances improved, the tax burden falls" through "a strict fiscal policy and expansionary measures and structural reforms" that continue despite the worsening of the international and geopolitical "framework" of which our forecasts take into account. "

The minister recalled that "in 2015 after three consecutive years of contraction, the Italian economy returned to growth in 2016 and the recovery will continue and be strengthened. In the first quarter of the growth appears to have regained momentum."