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The stock market rebounds, the spread falls. And Carige flies

European stock markets all on the rise to close the end of the year – Btp auction doing well with yields falling – Banks comeback in Piazza Affari – Enel rises over 5 euros – Tim also recovers – The takeover bid pushes Damiani and Geox – Rumors about Tod's – Oil on the rise

The stock market rebounds, the spread falls. And Carige flies

A complicated year ended on a high note thanks to the push from Wall Street and the successful outcome of the auction of medium-long term securities. Piazza Affari rises by 1,3% abundantly above 18.300. But the performance of Milan is overtaken by Paris and Frankfurt with increases of 1,8%. Madrid +1,4% London also +1,8%. The most conspicuous rise is from Zurich +2,4%, heavily penalized in the last few sessions.

The Treasury, in addition to allocating the maximum amount (5 billion euros) in the reopening of the 5 and 10-year BTPs and a new tranche of the 2025 Ccteu, collected the drop of half a percentage point and on the lows since the end of April of the bonds at auction. Good interest also on the CctEu, with a bid-to-cover ratio of 2,02 from 1,96. Immediately after the publication of the result the spread narrowed to 248 basis points — new low since September 27 — compared to 253 cents at the close last night.

Oil Brent gains 2% at $53,2. A large number of analysts recently polled by Bloomberg expect an average price of North Sea crude oil of around $2019 a barrel for 70, about 30% higher than current values.

Eni +1,6%. Fly Saipem+4% (yesterday -3,6%). Tenaris +2,8%.

The banks are recovering: the sector index rises by 2,6%. Carige after yesterday's collapse of 18,75% today rebounds by 23%: the ECB in yesterday's meeting with the Malacalza family renewed its request to carry out the capital increase as soon as possible.

Avanza Unicredit +2,5% ahead of Intesa and Mediobanca both +2,2%.

Generals +1,7%. Francesco Gaetano Caltagirone and Leonardo Del Vecchio keep buying. UnipolSai +2%.

It bounces Tim + 0,9%: Luigi Gubitosi bought 330.000 shares at 0,51 euro. Mediaset's shot at +4,6% was much more energetic with the stock still sailing just above the lows of the year reached last November.

In the rest of the list:

* In flight Damiani +6,14% the price of the takeover bid announced this morning by the family to delist the share at 0,86 euros per share is 0,855 euros.

*Highlights other titles that may go the same way Geox +5,15%, Gima +2,62%.

* Takeover bids also push Tod's +1,77% and Autogrill +1,5%.

* Finally, rebound for Ovs up 10,2% after a similar drop recorded yesterday.

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