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Final in pink: spread at 440 bps, stock market +1,52%

The sentiment on the government bond front eases and the fall in unemployment in the United States drives up Wall Street – The euro is on the rise and in the Old Continent the main squares close all positively – Banks and insurance companies are the driving force – Montepaschi closes at +8,02%, Fiat +2,65%, the downgrade of HSBC weighs on Finmeccanica (-1,58%).

Final in pink: spread at 440 bps, stock market +1,52%

The good news comes from across the Atlantic: the unemployment rate it surprisingly fell in America to 8,6% from 9% the previous month. November data highlights the creation of 120 thousand new jobs, substantially in line with economists' forecasts (125). Unemployment was expected stable at 9%.

Added to this is the more serene climate on the front of the government bonds. The yield on the ten-year BTP closes at 6,58% (-19 basis points) and the spread with the German Bund, already narrowed to 426 basis points, closes at 440 basis points. “Historical” success during the day for the auction of Belgian bonds. L'euro is trading at 1,349, up slightly from last night's close.

All this translates into a pink week finale: a Milano the FtseMib index, although down on its highs (above 2%) closed at +1,52% at 15.476 points. The Bags of Paris need London up 1,02%, Frankfurt scores +0,74.

In Europe the titles best were those of banks (Stoxx of the sector +3,8%), insurance (+2,9%) and ofindustry ofauto (+ 2,8%).

In Milan Unicredit runs up 3,05%, Understanding + 3,91% Pop Emilia + 5,44% MontePaschi even +8,02%. Mediolanum salt by 2,48%.

Among the insurance Fondiaria-Sai after marking +10%, scale the increase to +5,03%. Be careful Generali +1%, while they earn Milan Insurance +4,4% and Unipol + 3,8%.

Excellent performance also for the car titles: Fiat s2,65% ale, Fiat Industrial -0,02% Pirelli + 0,14%.

Closes in the negative the first time of Finmeccanica -1,58% in the Orsi era after a troubled session between positive and negative changes. On the title HSBC downgrade weighs which cut the target price to 3,1 euro from 3,5 euro.

StM salt of 1,33%, Prysmian 0,40%.

In decline Diasorin -0,8%, downgraded by Morgan Stanley.

Among the minor titles it shows off Engineering +7,7% on rumors of interest from banks and private equity funds.

TV world beats all with a rise of 22,09%: the company has closed an agreement with Rai for the production of Treasure Island

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