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A day of declines on the Stock Exchange but not of collapses: Piazza Affari limits the damage and loses 0,5%

After a stormy start in the wake of the Asian collapses, the European stock exchanges partially recover the losses - Piazza Affari closes in negative territory (-0,4%) mainly due to the thuds of cooperative banks - Luxury continues to decline - Going against the trend Telecom and Fiat – Flame in the spread which then settles at around 220 bps - Caterpillar's exploit

A day of declines on the Stock Exchange but not of collapses: Piazza Affari limits the damage and loses 0,5%

IL BANCO POPOLARE -15% LANDSLIPS ON BPER, BPM AND UBI
SAWIRIS PUSHES TELECOM, AT&T BRAKES ON VODAFONE

La City rips the black shirt of the price lists a Business Square.

La London Stock Exchange in fact, it loses 1,64% on the wave of the slide of Vodafone -3,55% after AT&T denied, at least for the next six months, the launch of an offer on the English giant (there was talk of 99 billion dollars).

Telecom Italy, on the other hand, rose by 2,2% on the wave of statements by Naguib Sawiris, who says he is ready to invest in the Italian telecommunications group in case Telefonica leaves the group.

Milan reduces losses in the morning: the Ftse/Mib index drops by 0,44% to 19273.

Paris -0,41% Frankfurt -0,46% Madrid -1,13%.

In decline Wall Street: Dow Jones – 0,06%, S&P -0,24%, Nasdaq -0,87%.

Caterpillar up 5% after closing the quarter with a higher-than-expected profit.

Apple Lossless Audio CODEC (ALAC),, which is approaching the publication, with closed markets, of the accounts, is up by around 1%.

Il dollar it regained the ground it lost in the morning and by mid-afternoon it was trading at 1,366 against the euro, virtually unchanged from Friday's close.

On the government bond market Btp to 10 years it is trading at a yield of 3,89% with a spread of 222 (-2 basis points).

Le Tokyo turmoil and the currencies of the emerging markets have not affected Western stock markets too much.

The descent of Enel -1,36%, which suffers the negative effects of the devaluation of Argentina with all that follows in terms of investors' distrust towards Latin America, where the Italian electricity group has important growth plans.

Conditioning the session, however, was the surprise announcement of the capital increase of 1,5 billion by Banco Popolare – 14,92% which dragged down the list of Popular: Pop.Emilia -7,89%, Ubi-5,61%, Pop.Milano-5,2% after the departure of Andrea Bonomi.

Day of declines also for the major banks. Unicredit -0,45%, MontePaschi, another bank on the verge of a capital increase, -4,28%, Mediobanca -0,38%. Positive Agreement +0,78%.

Remaining in the financial sector, we also point out the declines in asset management and insurance: Generali -0,67% UnipolSai inchanged%, Azimuth -0,87% Mediolanum -1,04%.

StM +0,45% awaiting the data for the fourth quarter of 2013 which will be communicated after the close of the Stock Exchange. USA.

Low losses for Finmeccanica – 0,16% ed Ansaldo -0,42%.

They earn Fiat +1,47%, which is confirmed as the best stock in the Eurostoxx 600 in 2014, and Cnh Industrial +1,59%.

To report the umpteenth thump of Yoox -5,62%.

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