Trade operates with sharp increases after Brexit approval by the European Union

Brexit and oil monopolized the spot last week on the financial markets, and they threaten to repeat the protagonism in the new week. In just ten days, oil recorded three sessions with collapses close to or above 6%. Friday, the barrel type West Texas, a reference in the United States, has worsened by 8%.

During his collapse, Brent lost $ 60 US for the first time in more than a year. The recent increase in supply and fears of an economic downturn have overshadowed the OPEC debate over an imminent supply cut.

Today, two weeks from the summit of the OPEC. could approve the reduction in production, the barrel of Brent would bounce up to 2% to recover even 60 dollars, while West Texas would be close to 51 US dollars.

At the reaction of the price of crude oil, the sealed agreement is added during the weekend on Brexit at the European summit. The pact avoids, at least for the moment, the worst scenario envisaged, that of a Brexit without agreement at European level. However, the pact must now deal with the possibly more complicated revalidation of the British Parliament.

The rejection of the Labor Party's current agreement and the doubts that prevail within Theresa May's party, as clearly shown by the recent wave of resignations from the executive, put in failure the approval of the agreement. Its effects go further and could even compromise the continuity of the May government.

The approval of the European summit on the Brexit agreement gives a minimum truce to the price of the pound sterling. The British currency traded at $ 1.28, a level slightly above its recent low of $ 1,272 recorded on November 15. The euro is also taking advantage of the European Brexit deal to catch its breath and support at least US $ 1.13.

European stock markets are now receiving less turbulent references to the money and oil markets, as in the case of equity benchmarks, with improvement in Asia and in Wall Street futures. Major European indices start the week with a strong rebound, more vigorous in the Italian MIB, eased by the truce over Italy's risk premium thanks to the government's suggestions for a deficit adjustment in order to ease the tensions with Brussels.

On the London Stock Exchange, advances of nearly 1% bring the British FTSE closer to the 7,000-point level. British banks such as Barclays and Standard Chartered stand out in the London Stock Exchange hikes once the agreement reached in Europe on the Brexit.

At the Milan Stock Exchange, Italian banks' rises accelerate by nearly 3% in heat according to the government's comments on a blink of an eye to the deficit to ease tensions with Brussels.

Other exchanges such as ibex from Spain, Dax from Germany and CAC from France grew by more than 1%.