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United Kingdom

Danilo Masoni

Make or break: second-quarter results will test Europe's confidence

12 Jul 2019

(Refiles this July 11 story to remove superfluous word in first paragraph.)

UPDATE 2-Italy bonds, bank stocks fall as EU concludes Rome broke debt rules

05 Jun 2019

LONDON/MILAN, June 5 Italian bond yields rose sharply and bank stocks fell on Wednesday after the European Commission concluded that Italy is in breach of EU fiscal rules because of its growing debt, a situation that justifies the launch of a disciplinary procedure.

European shares seen treading water, but forecast range wide - Reuters poll

30 May 2019

MILAN/LONDON European shares are seen moving sideways until end-2019 and making just modest gains thereafter, a Reuters poll showed, as investors shy away from big bets on a region whose export-oriented economy makes it vulnerable to trade war risks.

Foreign funds loosen bearish bet on big Italian banks

23 May 2019

MILAN Funds that built big short positions in Italy's leading banks from early 2018 have lowered the size of their bets in the last few months as political worries eased, regulatory data shows.

FACTBOX-Short positions on leading Italian bank shares

23 May 2019

By Danilo Masoni MILAN, May 23 Analysis of data from Italian market regulator Consob, which tracks changes in short positions above 0.5%, shows that funds which built big bets against shares in Italy's leading banks since 2018 have loosened their grip. Below is a summary of funds' positions as of May 21 and their recent moves on five of the country's leading banks: Intesa Sanpaolo, UniCredit, Banco BPM, UBI Banca and BPER Banca. INTESA SANPAOLO: No investment fund currently has a net short of above 0.5%. Below is a summary of moves since January 2018. HOLDER NET SHORT AS OF COMPARED WITH Bridgewater 0.48% 11/07/2018 1.35% peak on Associates, LP 23/03/2018 UNICREDIT: No investment fund currently has a net short of above 0.5% Below is a summary of moves since January 2018. HOLDER NET SHORT AS OF COMPARED WITH AQR Capital 0.49% 28/03/2018 1.27% peak on Management, LLC 08/01/2018 Bridgewater 0.48% 17/07/2018 0.82% peak on Associates, LP 02/03/2018 BANCO BPM: Details of funds whose current positions above 0.5% with comparatives going back to January 2018. HOLDER NET SHORT AS OF COMPARED WITH AHL Partners LLP 0.57% 15/04/2019 1.21% peak 18/10/2018 AQR Capital 1.12% 15/05/2019 3.11% peak Management, LLC 03/01/2018 BlackRock 0.58% 7/05/2019 1.1% peak Institutional 12/12/2018 Trust Company Citadel Europe 0.52% 14/05/2019 0.51% peak LLP 07/03/2019 Lansdowne 0.72% 07/02/2019 NA Partners (UK) LLP Marshall Wace LLP 0.79% 15/05/2019 4.32% peak 29/10/2018 PDT Partners, LLC 1.25% 09/05/2019 1.45% peak 15/01/2019 UBI BANCA: Current positions above 0.5% with comparatives going back to January 2018. HOLDER NET SHORT AS OF COMPARED WITH AQR Capital 1.8% 17/05/2019 1.7% peak Management, LLC 09/01/2018 BlackRock 0.5% 17/05/2019 0.7% peak Institutional 29/08/2018 Trust Company Citadel Europe 0.8% 06/05/2019 0.92% peak LLP 10/01/2019 Lansdowne 0.54% 08/02/2019 NA Partners (UK) LLP Marshall Wace LLP 1.69% 16/05/2019 3.81% peak 06/03/2019 PDT Partners, LLC 0.62% 20/03/2019 0.53% peak 28/09/2018 BPER BANCA: Current positions above 0.5% with comparatives going back to January 2018. HOLDER NET SHORT AS OF COMPARED AHL Partners LLP 0.99% 25/04/2019 1.52% peak 18/10/2018 Gladstone Capital 0.71% 01/04/2019 0.66% peak Management LLP 06/02/2019 Oceanwood Capital 1.04% 15/05/2019 0.92% peak Management Ltd 08/05/2019 There have been other funds that have cut their short bets on BPM, BPER and UBI below the 0.5% level in recent months with positions peaking around the end of 2018 or earlier this year. Link to full data from Consob: http://www.consob.it/web/area-pubblica/pnc (Compiled by Danilo Masoni; editing by Josephine Mason and Alexander Smith)

Juventus shares soar as investors cheer Ronaldo hat-trick

13 Mar 2019

LONDON/MILAN Juventus shares soared more than 20 percent on Wednesday after Cristiano Ronaldo scored a hat-trick to overturn a two-goal deficit and defeat Atletico Madrid in a key Champions League match.

European shares rebound, helped by bank merger talk

11 Mar 2019

MILAN European shares had their best day in four weeks on Monday, rebounding from three straight sessions in the red thanks notably to merger chatter in the battered banking sector, which help offset worries over a slowdown in the global economy.

ECB upset knocks European stocks

07 Mar 2019

MILAN/LONDON European shares fell from five-month highs on Thursday after the European Central Bank changed its interest rate guidance and announced a new round of cheap bank loans sooner than expected, though with tougher terms than previous rounds.

European shares eke out in directionless choppy session

05 Mar 2019

LONDON European stocks edged higher at the close of a choppy and directionless session where indexes hovered around the flotation mark in the lack of news about Sino/U.S. trade talk.

European shares hit five-month high on trade war resolution hopes

04 Mar 2019

LONDON European shares hit five-month highs on Monday with cyclical stocks outperforming defensives, helped by hopes over a deal to end the U.S.-Sino trade war.

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