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The ECB knocks out MPS and Piazza Affari also goes into the red

The ECB's No to lengthening the time frame for the recapitalization of Monte dei Paschi sinks the stock on the Stock Exchange with effects on the Ftse Mib but the approaching rescue decree partially curbs the damage - Saipem, Bpm and CNH are also down - Countercurrent Mediaset, Recordati, Luxottica and A2a – The other stock exchanges are all positive.

The ECB knocks out MPS and Piazza Affari also goes into the red

After days of euphoria comes the setback for Milan, which closes at -0,73%, 18.292 points. The news that throws the Stock Exchange into turmoil, in the middle of the day, is that the ECB has decided to reject the request for extension of Monte dei Paschi di Siena, to carry out the capital increase of 5 billion. The security is then suspended several times in a volatility auction, even if the future of the bank is being worked hard on, despite the uncertain political context: in the morning there is a meeting at the Ministry of the Treasury; while in the afternoon a long board meeting gets underway. The position of the M5s also appears on Beppe Grillo's blog: "only state intervention can save Mps". With Monte, the entire banking sector is suffering, partly also due to profit taking after yesterday's rally, at the end of a week of gains.

The other European lists close in a positive zone: Paris +0,75%; London +0,34%; Frankfurt +0,33%; Madrid +0,31%. While the race on Wall Street seems to never end and every day, in New York, a new record is updated. The Dow Jones Industrial Average, Dow Jones Transportation, S&P 500, Nasdaq and Russell 2000 hit all-time highs yesterday. Today, after the first few minutes of trading, the DJIA adds 21,5 points, or 0,11%, to 19.636. The S&P 500 gains 5 points, 0,2%. The Nasdaq gains 22 points, or 0,40%. Oil in January at the Nymex marks a +1,26% to 51,48 dollars a barrel. At the corporate level, Coca Cola toasts (+2,2%) to the change at the top: Chief Operating Officer James Quincey was promoted to Chief Executive Officer; from May XNUMX next he will take the place of Muhtar Kent. 

Returning instead to Piazza Affari: Mps is the worst stock -10,55%; but Unicredit also records heavy losses -2,34%, penalized in turn by the uncertain political context in a phase in which it has to raise capital. Insistent sales on popular companies, in the middle of the ford of aggregations and with a reform in the Spa questioned by the Council of State. Bpm and Banco Popolare, which are one step ahead of the merger, show losses of 4,32% and 3,93% respectively. Followed by Banca Mediolanum -3,48%; Mediobanca -2,82%, Intesa -1,67%. 

Among the titles on which sales prevail there are then Leonardo Finmeccanica -2,85%, which lost the tender for a maxi order in Canada (won by Airbus); and Saipem -4,27%, partly for took profits following the bullish momentum following the Nov. 30 OPEC deal (+21,8%), and partly due to the disappointment for the non-awarding of the order for the Turkish Stream gas pipeline, won by the competitor Allseas.

The price list is supported by Mediaset +3,23%; Campari +1,41%; Recorded +1,84%; Tenaris +1,19%; Yoox +1,14%; Luxottica +1,16%. Moncler, after gaining almost two percentage points in yesterday's session, is up 1,2 per cent today, updating the highs for the year and benefiting from the positive opinion of Morgan Stanley analysts.

Spreads recovering: +4,74% to 168.00 points; yield 2,05%. Euro suffering against the dollar: -0,72%, changed to 1,053 and some predict that the parity between the two currencies is only a matter of weeks.

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