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Banks and fashion: sales day on the Stock Exchange

Piazza Affari closed slightly in the red (-0,1%) due to profit-taking on banking and fashion stocks: Ferragamo and Yoox the hardest hit – Leonardo, Snam, Eni, Terna and Azimut bucking the trend – The pound soars but the City goes down

Wall Street's new records do not affect the European stock exchanges, which close sluggishly. Milan limits losses, -0,23%, 22.229 basis points, penalized by some luxury stocks such as Ferragamo -3,95% and Ynap -2,58%, but supported by a giant like Eni, + 1,25%. 

Fractional markdowns for Madrid -0,42%; Paris -0,22%; Frankfurt -0,17%. Worst Square is London -1,1%, victim, in the morning, of a terrorist attack in subway. On the price list also weighs, since yesterday, the sterling rally. The British currency regains its one-year high against the dollar, above 1,35. The euro is also losing share against the British currency, around -1%, with a cross around 0,88. The single currency goes back however against the dollar, reaching 1,195 (+0,38%). The weakness of the greenback during the day was linked to the release of some data: the unexpected drop in retail sales in August (-0,2%) and the contraction in industrial production (-0,09%) for the first once in seven months. 

Indifferent to macro data, the dow Jones, in New York, centers a new record starting, after closing yesterday at unprecedented levels. A few hours after the opening, the Nasdaq and S&P 500 also take the bullish path. Investors do not seem worried by the latest missile launch by North Korea or even by the fact that today is a day of the "four witches", because futures expire at the same time on indices, index options, stock futures and stock options. 

Il Petroleum takes a break for reflection: the Brent remains positive +0,2%, 55,2 dollars a barrel; while the wtf it drops just below $50 to 49,8, -0,18%.

Their loses 0,5%, 1322.19 dollars an ounce.

While Merkel and Padoan say they are in favor of a superminister of the economy for the Eurozone, the secondary is not moved much. The yield of BTP 10 years rises to 2,14%, but the differential with the Waist it stands still at 170.50 points. The German chancellor reiterates that she is against any possibility of sharing the debt, while in July the Italian public debt reached a new record of 2.300 billion, an increase of 18,6 billion compared to June. 

in the business square, Eni is the best blue chip. Investors appreciate that the six-legged dog yesterday approved the distribution of an interim dividend on the 2017 dividend of 0,4 euro for each outstanding share on the ex-dividend date of 18 September, with payment on 20 September. Purchases reward Leonardo, +1,15%. According to Reuters, quoting sources close to the matter: “in the ongoing negotiations to resolve the dispute Fincantieri-Stx, Italy and France are discussing an alliance in the naval sector which could lead to a partnership with the second and third European defense group Thales and Leonardo”. Fincantieri meanwhile it goes down: -1,15%.

It stands out in asset management Azimuth, +0,94%. In recovery Telecom + 0,65%. 

In luxury Moncler, +1,09%, closes among the best big names, going against the trend of stocks like Ferragamo and Ynap. In the banking sector, the biggest sales strike again Bper -2,55%. Profit taking up Unipol -1,66%. Rain of sales for A2a -2,07%. 

Out of the main basket Maire Tecnimont sinks, -8,23%, after the Arab Development Establishment sold 5% of the capital at 4,9 euros.

Still weak Banca Carige, -0,63%, following the presentation of the 2017-2020 plan.

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