WSJCity: Bankers see Light after Referendum, RIT and Alliance Trust Confirm Talks

Good morning from London. Here’s essential reading today from WSJ City:

MUST READS FROM WSJ CITY

Senior bankers from Citigroup, JP Morgan, Goldman Sachs and UBS expect an upturn in dealmaking.

Alliance Trust said it has received an informal approach from Lord Rothschild's RIT Capital.

The panic at the start of the year may have receded, but markets are far from sending the all-clear signal.

Week Ahead: Euro area inflation, an ECB meeting, US jobs data and what else to watch over the coming week.

China's central bank fixed the yuan at a more than five-year low against the dollar.

Bill Priest, the US investment veteran, is on the look-out for more European clients.

Polls on the EU referendum suggest growing support for the Remain camp. But what are markets telling us?

The rally in the dollar has caught out some hedge funds who switched their positions. Who lost out?

The former CEO of Zurich Insurance, Martin Senn, committed suicide, the insurer said.

Despite rocky markets and changeable money flows, some asset managers have thrived, new figures show.

A committee investigating the hack into Bangladesh's central bank hinted at insider involvement.

Fidelity boosted the value of its private tech-stock holdings at a time when the Nasdaq was falling.

For updates throughout the day, download WSJ City for iPhone here. Sign up to the morning newsletter here.

IN THE PAPERS

In a bid for profits, investment banks and hedge funds have commissioned private exit polls for the EU referendum on 23 June. FT(£)

A poll commissioned by Autonomous Research shows that Stuart Gulliver at HSBC is the bank chief whom investors would most like to be replaced. FT(£)

HMRC is missing out on tens of millions of pounds in corporation tax and VAT, after changing its bank details without notifying British businesses. The Telegraph

Deloitte is promoting 24 women to its partnership, increasing the percentage of female leaders to 30% as part of its diversity pledge. The Telegraph

Uber is expanding its ride-sharing catchment area to cover zones 1 and 2 of the London Underground in a bid to attract commuters. FT(£)

Executives from the European Round Table of Industrialists have written to the Financial Times warning of the negative effects of Brexit for the UK and the EU. FT(£)

A third of senior board members at FTSE 350 companies say they have spent up to £1 million preparing for the consequences of leaving the EU. The Times(£)

As OPEC prepares to meet this week, any coordinated action on cuts is unlikely. Instead, the major questions are likely to concern Saudi Arabia’s new energy minister. WSJ

Tighter restrictions mean fewer students from outside the EU are applying for visas to study in the UK, according to the latest ONS migration data. FT(£)

LastMinute.com founder Brent Hoberman has pledged to launch 200 British tech start-ups over the next five years through a new venture, Founders Factory. The Telegraph

2016 university graduates face an 8% drop in advertised jobs over the last year, with concerns over Brexit and the National Living Wage provoking caution in employers. The Telegraph

MARKETS TODAY

The FTSE 100 is set to open flat following the bank holiday, as investors await key data later in the week.

Figures on UK services and manufacturing are due on Wednesday and may signal falling confidence ahead of the EU referendum. The European Central Bank meets on Thursday and key US jobs data will be released on Friday.

In Asia, the Shanghai Composite surged over 2% on hopes that global index provider MSCI will soon add mainland-traded Chinese stocks - so-called A-shares - in its Emerging Markets Index.

The Nikkei and Hang Seng also made gains, by 0.9% and 1.2% each.

**Stocks to Watch:** Delta Lloyd launches sale of shareholding in Van Lanschot; Alliance Trust gets approach from Lord Rothschild's RIT Capital Partners

COMING UP

Eurozone inflation and German unemployment figures are due for release later, and Volkswagen will publish its results.