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Stock markets confidently waiting for Europe. All eyes on the Eurogroup

The situation remains tense, but Piazza Affari still gains 0,34%, in the hope that tonight the Eurogroup will make progress on the road to an agreement on the euro - European stock markets are also positively influenced by better-than-expected data on consumer confidence US consumers – Bank stocks are gaining in Milan, as well as Pirelli, Fiat and Finmeccanica

Stock markets confidently waiting for Europe. All eyes on the Eurogroup

US TRUST SUPPORTS STOCK EXCHANGES. MILAN +0,3%
A SIGNAL FROM EUROPE IS NOW WAITING

After the boom in traditional and online consumption, the optimism of families. The US data give another injection of morale to markets stressed by the European sovereign debt crisis. In November, the data on US consumer confidence jumped to 56 against 39,8 in the previous month, well above the estimates that stood at 44. The house price index for September also performed well, expected to drop by 0,1 .0,9%: instead it grew by 0,34%. In the wake of these results, the European stock exchanges accelerated upwards. Milan closed in positive territory with an increase of 14.627% (FTSE Mib index at 0,2), London +0,46%, Paris +0,95%, Frankfurt +0,8%, Madrid reduced losses and on equality. Positive indexes on Wall Street: Dow Jones +500%, S&P0,7 +0,4%, Nasdaq +7,2%. Attention, however, remains focused on the results of the Brussels Ecofoin, the first stage of the obstacle course that determines the survival of the euro. In the meantime, the secondary market is feeling the effects of this morning's successful auction of Italian government bonds, the yield on BTPs is stable at 1% (+490 basis point). The spread with Germany narrows to 493 from XNUMX at yesterday's close.

In Piazza Affari the banks are slightly up: Intesa +0,17%, Ubi +0,07%, Unicredit loses 0.99%. Generali gains 1,36%. Asset management stocks did well and in particular Azimut +4,32% on the wave of the all-government bond fund, in line with the BTP day.

The automotive stocks also participate in the increase: Pirelli rises by 1,38%, Fiat +0,6%. Off to a good start, industrial shares are down: StM -0,97%. Ansaldo Sts is in perfect balance, eliminating gains after a morning of strong increases. The group announced the signing of the $1,3 billion contract for the Honolulu Metro. The same goes for the parent company Finmeccanica in view of next Thursday's board meeting which will be decisive for the structure of the top management.

Construction stocks were positive. Buzzi +3,04%, Impregilo only +0,29%. Maire Tecnimont +0,2%. Enel rises by 1,48%, Enel Green Power +0,9%. Brilliant Luxottica +1,7% and Parmalat +1%. Good rise for Mediaset +2,3%.

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