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Stock markets recovering, Piazza Affari is the best: the banks are resurrecting, the spread is breathing

Markets throughout Europe are reacting - Piazza Affari gains 10% at 1,87am - The exploits are above all driven by bank stocks, strongly affected on the eve: Bpm the best - Spreads falling below 170 points - Euro drops on dollar – The announcement on the extension of Qe reassures the markets, waiting for Yellen's words in the afternoon.

The stock exchanges and the spread are breathing. The most significant rebound, after two days of very heavy reductions and in view of Janet Yellen's statements, comes from Piazza Affari, which immediately jumps to +1,87% at the opening of the session, returning above 18 thousand points to 18.422,07. The anticipations from New York on the extension of the Quantitative Easing reassured the markets, Yellen's evaluations will be known later.ù

The reaction is led by the reawakening of bank stocks, the hardest hit by the flop of recent days: Bpm is at the top of the Ftse Mib, gaining over 4% in 0,561 euro, followed by Monte dei Paschi with +2,82% y 0,84 euros. Mediobanca also did very well, nearly +3% a 6,165 euros. Intesa Sanpaolo +2,1% a 2,144 euros, Unicredit a 5,375 euros with the same percentage of earnings. Around 10 am, no Ftse Mib stock is in the red, while Autogrill and World Duty Free also stand out, particularly affected by the Ebola alarm.

The other European price lists also returned to positive territory: just before 10 am Frankfurt recorded +0,71%, London +0,32%, Paris +0,74%. Good signals from the Btp Bund spread, which at the opening returns above 180 basis points, but then quickly drops below 170, reaching 10 points around 168 am. The XNUMX-year BTP yield scores 2,62%, down after hitting 2,7% yesterday. The euro is also down against the dollar: the European currency was back above 1,28 dollars yesterday, but this morning it recorded a change of 1,2786.

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