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Atlantia and the banks are holding back the Stock Exchange

Piazza Affari closed slightly lower (-0,14%) due to the thud of Atlantia of the Benetton family (-3%), which the Spanish Abertis is escaping, and of the banks – Industrial stocks, from Campari to Stm, are on the rise and from FCA and Recordati – Wall Street still shines but does not infect the European lists.

Atlantia and the banks are holding back the Stock Exchange

Piazza Affari remains above 23.000 points, but closes with a slight decrease -0,14%, 23.014. In the red are the banks and Atlantia, - 2,97%, the worst blue chip of the day. On the Ftse Mib, instead, Campari toasts +2,7%; Stm +2,54%; Fiat +2,42%; Recorded +1,98%; Ynap +1,01%. The other European lists contrasted: Madrid, -0,96%, still grappling with internal problems; positive Paris, +0,14, despite the sales on financials starting from Société Générale (-4,09%) and Axa (-2,77%) after the accounts; so Frankfurt +0,28%; while London +0,07%, consolidates yesterday's gains.

In the early afternoon, the US employment report, with the jobs created and the increase in wages lower than expected, does not inflame the lists, although American unemployment is at 4,1%, its lowest since 2000. Wall Street opens cautiously and the dollar swerves immediately after the release of the data, then stock markets and the greenback recover ground. Right now the Dow, S&P 500 and Nasdaq are in positive territory. Thanks also to Apple which breaks through, at least initially, the threshold of 900 billion dollars in capitalization. Recovers Starbucks, the title of the chain of coffee shops currently gaining, after the collapse of 5% recorded in the afterhours with the publication of the accounts. The euro slips to 1,16 against the dollar (-0,4%). Oil is up: Brent +1,01%, 61,23 dollars a barrel. Gold down to 1268,192 dollars an ounce, -0,74%.

Bonds are doing well: the yield on 10-year BTPs drops to 1,79%; the spread with the Bund decreased by 0,42%, to 142.30 basis points. Returning to Italian equities, the worst blue chips today are almost all banks, to a certain extent influenced by the decline of the French Société Générale, in Paris, after a quarterly below forecasts. At the bottom of the Ftse mib are Bper -2,54%; Unicredit -2,21%; Ubi -1,31%; Banco Bpm -1,18%. Copious sales also on Atlantia shares, still awaiting developments relating to the takeover bid on Abertis. The uncontainable growth of the Apple customer, on the other hand, gives a positive boost to Stm. Campari recovers, after the sales on the eve. It starts again at the great Fiat, which in the US will be able to benefit from the tax cut announced for companies.

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