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Stock market, the correction continues: Piazza Affari still down

Another day of general declines on share price lists – Except for the Madrid Stock Exchange, all stock exchanges are in the red and Piazza Affari barely defends the trench of 22 thousand basis points – Il Sole and Astaldi collapse and among the blue chips are Ko Ferragamo, Saipem, Campari and Buzzi – In recovery Leonardo, Telecom and RCS – Oil and the euro dominate the scene.

Markets still under the slap: Wall Street opens in the red and European lists close weakly, but recover in the last part of the session, while the euro loses momentum against the dollar (the exchange rate flat at 1,179).

Piazza Affari saves the threshold of 22.000 points, stopping at 22.158, -0,62%. Bankers contrasted, with the index closing positive, +0,5%, after the losses of the previous hours. Bper, +2,11% and Banco Bpm +2,4% are among the best blue chips, even if outside the main list Banca Carige sinks by 11,10%. Among the big assets Unipol, +1,59%. Leonardo rebounds, +4,46%, after the haemorrhage of the last few sessions; according to Equita Sim, the stock is "buy", after hitting rock bottom and pricing in the worst case scenario. Telecom +1,72% interrupts the negative trail. The black jersey of the Ftse Mib is Ferragamo, -4,08%, with the market doubtful about the expected spring relaunch. Investors collect on Campari, -3,11%. Male Cnh -2,56%; Buzzi -2,56; Exor -2,43%. Another heavy session for Saipem, -1,77%. The other oil stocks are also in reverse: Eni -1,84%; Tenaris -1,55%.

However, black gold stemmed the losses, Brent at 62,11 dollars a barrel (-0,16%), after the data on American weekly inventories, albeit worse than expected. The only positive European market is Madrid, +0,24%; minus sign for Paris – 0,27%; Frankfurt – 0,44%; London -0,56%. In the bond sector, the yield of the 10-year BTP Italia is slightly moved, 1,83%, but the spread with the Bund widens by 2,26%, to 145.10.

Returning to Piazza Affari, we note the upturn in RCS, +6,72%, after yesterday's losses. The editor of the Gazzetta dello Sport believes that the assessments made in the newspapers regarding the economic impacts of Italy's failure to qualify for the soccer world championships are "incorrect and grossly overestimated". 

To stay on the subject of printing, session to forget for the Sole 24 Ore, -26,12%. Astaldi also in the storm, -32,39%.

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