yesterday US markets closed with modest losses. While waited for today's referendum, US investors focused on factors specific sectors and companies. Oil traded volatile fashion, following during the morning the rise of other risk assets but later reversing this trend when the Department of Energy published a report that showed an unexpected increase in gasoline reserves. In the technology sector, investors reacted negatively to the offer launched by Tesla (producer of electric cars) on the SolarCity by 2800 M.USD. In the Dow Jones, the highlight was the weakness of the shares of McDonald's (-1.50%) after Nomura analysts have reduced the recommendation of Buy to Neutral. Last year, McDonald's has shown a over-performance against the S & P, the result of a major restructuring of the company. Today, it is expected that investors maintain an expectant attitude.