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Collapse of Mps and achievements on FCA and Popolari

Truce for the stock market rally – Piazza Affari also in the red (-1,39%) sharp drop in Mps, which loses almost 10% on the eve of the board of directors on 2014 accounts and capital increase – Profits also on banks and on FCA - Tenaris, Stm and Buzzi go against the trend - The spread stands above 100 - Waiting for the launch of the Qe

Collapse of Mps and achievements on FCA and Popolari

Final chapter of the Scholarships, included Business Square which closed down by 1,3%, in any case just above 22 thousand points (Ftse Mib index at 22.015).

The spread widens and returns above 100 basis points, the differential between BTPs and Bunds it reaches 103 basis points (+4,7%). The 1,40-year yield rises above XNUMX%. The return of uncertainty about the Greek situation weighs on the eurozone.
 
After yesterday recording the largest loss in the last month, the Brent oil: North Sea crude futures gained 2,5% to $60,9. The Libyan government based in Benghazi this morning bombed ports controlled by the rival government based in Tripoli.
Eni -1% Saipem -0,1% Tenaris + 1,4%.
 
The downturn has hit banks and the automotive industry, affected by the fall in the trend of car sales in February on the US market, less brilliant than expected.

The index Dow Jones loses 0,4%, the S&P500 -0,4%, Nasdasq -0,5% below 5.000.
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He also pays for it in Piazza Affari Fiat Chrysler -3,3%: in February the Detroit house, despite recording sales growth of 5,6%, disappointed analysts who expected an increase between 8 and 9%. Ford's decline was also heavy. Weak banks. Dramatic the descent of Monte Paschi -9,9% awaiting tomorrow's board of directors which should give the green light to the capital increase and reverse stock split. Downhill too Unicredit -1% ed Understanding -2%. Weak Telecom Italy -0,3% awaiting the indications coming from the Council of Ministers dedicated to the broadband plan. 
Mediaset -3%.

Enel slows down in the final and loses 2,2%, Snam Rete Gas 1,7%. 

Finmeccanica is up 0,3%. According to rumors collected by Reuters, the Italian defense holding has started the sale of some assets of its American subsidiary Drs Technologies, appointing the investment bank Jefferies Group to collect expressions of interest. Finally, he took advantage of it Luxottica which closed on the lows of the session at 54,40 euros, down by 2,9%. The disappointment for the dividend set at 1,44 euros per share weighed against 0,65 euros for a year but expected to be much higher (up to 3 euros) considering the size of the distributable reserves.
Bucking stm +0,67% and Buzzi + 0,49%. 

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