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Banks at two speeds but the stock market does not rebound. The Chinese at 2% also in Telecom Italia

After a good start, the European stock exchanges shut down in the afternoon and Piazza Affari closes on parity – In progress Intesa, Ubi and Unicredit which presents its accounts tomorrow – Down Banco Popolare and Mps and above all luxury (except Moncler) – The rescue of Lisbon does not excite the markets – People's Bank of China at 2% in Telecom Italia as well as in Fiat

Banks at two speeds but the stock market does not rebound. The Chinese at 2% also in Telecom Italia

In Milan, the Ftse Mib index closed with a slight increase of +0,09% (like Madrid), at 20381. The yield on the ten-year Btp fell to 2,68%. The spread with the bund is reduced to 155 bp.

Paris rose by 0,47%, while Frankfurt was left behind by 0,61%. Lisbon gained 0,98%. Starting off slightly up, Wall Street lost its initial momentum and the indices fluctuated around parity in the middle of the session: the S&P500 and the Nasdaq are unchanged, the Dow Jones marks a decline of 0,1%.

The news of the investment by the company contributed to characterizing the last part of the Milan session Chinese central bank in Telecom Italia (+1,5% on the eve of the Board meeting on Wednesday's accounts). After entering Eni and Enel, Beijing's offensive resumed with the entry into Prysmian, Fiat and the former incumbent telephone company. 

It stands out among the bankers Understanding (+ 1,1%), followed by Unicredit positive waiting for tomorrow's numbers. They go down Ps e Banco Popolare. The rise of died out as the hours went by Generali (+0,5%) after the promotion of several investment houses. 

Also on the rise Unipol Sai (+1,2%). Fly to Paris Axa (+3,4%) on the wave of Bank of America's opinion.

In asset management it falls Azimuth -1,3%, advance Mediolanum + 1%. 

Industrial stocks are down: Finmeccanica -1,5% StM -0,8% Fiat -0,7%. Positive Pirelli e Brembo (+0,5%), in line with the positive trend in Europe of the auto sector (Stoxx +1%), where they shine bmw (+ 1,7%) and Daimler (+ 1,1%).

Prysmian shows a 2% decline. Raises for Enel (+ 0,6%) and Eni (+0,3%). In sharp decline Yoox (-2,2%). Sales prevail over the entire luxury sector: Ferragamo -3,3% Tod’s -2,1%, positive Moncler (+ 1,9%).

Heavy downside of World Duty Free (-3%), punished by Natixis after it announced lower-than-expected results on Friday. Atlantia loses 1,6%. 

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