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Btp Italia from Guinness Book of Records: over 22 billion euro in funding. And Pirelli flies on the Stock Exchange

Triumphal march of the new issue of Treasury securities which raise over 22 billion euros – It is Pirelli's day on the stock exchange which gains 5,3% after the presentation of the business plan to the City – Deflation is scary but does not shake the markets which confidently await tomorrow's ECB meeting – In the USA new records for the S&P500 and Dow

Btp Italia from Guinness Book of Records: over 22 billion euro in funding. And Pirelli flies on the Stock Exchange

PIRELLI BELTED BULL +5,4% AT PIAZZA AFFARI
MULALLY (FORD) FAVORITE FOR MICROSOFT +2,9%

Piazza Affari rises thanks to the boost from Pirelli +5,37%.

The index Ftse Eb closes the session at +0,89% at 19262.

More contained increases in the rest of Europe: London -0,08%, Paris +0,79%, Frankfurt +0,35%. Madrid +0,49%.

In Europe the best sectors are Tech (Stoxx +1,4%), Construction (Stoxx +1,1%) and Automotive (+1%).

Lively sitting a Wall Street: the Dow Jones flies, up 0,7%, to new record levels at 15725 points. New record also for the S&P500: +0,55% to 1773 points. The variation of the Nasdaq (+0,35) was less extensive.

Il Treasury Bill at 10 years strengthens, the yield drops by two points to 2,64%, it is on the highs of the last three weeks.

THEgold it rebounds after six consecutive bearish sessions and trades at 1317 dollars an ounce (+0,5%). The euro dollar exchange rate is 1,354 from 1,347 yesterday evening.

But the real thrill is about Microsoft + 2,9%, best Dow Jones stock. The list for Steve Ballmer's successor has been reduced to four names but, according to the Financial Times, the favorite ahead of Steve Lop is none other than the current CEO of Ford Motor, Alan Mulally, news that could trigger the risk even at Detroit.

The launch of the closed with a new demand record new Italian Treasury BTP. The requests, financial sources tell Radiocor, have in fact reached 22,3 billion euros, thus beating the record for the maximum amount per single issue set by Italy's BTP last year (18 billion euros).

After a low of 239 basis points, the yield spread on the ten-year Bund widened to around 245 basis points. According to traders, it was not the placement of the new Btp Italia that weighed on the market but the belief that tomorrow the ECB will not cut rates.

The absolute star of the day was, as mentioned, Pirelli: the guidelines of the 2013/17 plan show that the company aims to achieve an Ebit margin higher than 2017% in 15.

The others are also positive industrial: Fiat +0,26%, StM -0,18%, Finmeccanica +2,11%. Prysmian rose by 3,91%.

They also go up Telecom Italy +3,16% and Enel +1,97%. Saipem does even better +1,48%.

In banking sector Mediobanca -1,23%, Banco Popolare -0,29%, Ubi -0,44% and Mps -0,43% closed in the red. In positive territory, Unicredit +1,28%, Bper +1,23% and Intesa +0,28%).

Banca Popolare di Milano +1,5%. The supervisory board resolved to ask the management board to convene the assembly, scheduled for December. The boards will remain in office until that moment, thus removing the specter of ungovernability.

Between the mid caps it slows down Indesit -1,9%.

Piaggio advances by 2,5%, Poltrona Frau +2,9%. Leap of Fiera Milano +5%

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