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The partial recovery in Ukraine is good for the stock exchanges: Piazza Affari rises by 2%

The half-truce in Ukraine and the bet on tomorrow's ECB rate cut give impetus to the Stock Exchanges - Piazza Affari (+2%) among the most tonic - Oil also rises - Banks and luxury do well - The postponement of the sale of the 5% benefits Enel – Generali is back above 16 euros for the first time since July – A steals the 15-year Portugal bond.

The partial recovery in Ukraine is good for the stock exchanges: Piazza Affari rises by 2%

Stock markets soar amid the prospect of peace in Ukraine. Piazza Affari was the best Stock Exchange: +1,89%, Ftse Mib index at 20.832.

On the eve of the ECB directorate, the other European stock markets are also up: Frankfurt is leading the race +1,26%, Madrid +1,17%, Paris +0,99%. London, outside the euro area, limits the increase to 0,66%. The spread is at 152, the 2,4-year yield is at XNUMX%.

Portugal has successfully launched a 15-year bond, the issue, 3,5 billion, has received reservations for 8 billion. The yield was set at 235 points above the midswap rate.

Strong rise in US factory orders. The Dow Jones advanced by 0,2% thanks to the push of oil and banks. The Nasdaq holds back -0,1% due to profit taking on Apple -2,5% following the all-time high. The S&P500 index rose by 0,1%. 

The dollar moves on the highs of the last year against the euro at 1,314 from 1,313 at the end. In the meantime, the ruble is breathing again from the lows of the last ten years against the dollar to 36,8. The Moscow Stock Exchange closed up 3,4%. Enel closes up 3,5%. After the words of Matteo Renzi, the date of the placement of 5% of the electricity company and Eni +1,26% is moving away.

The banks, insurance companies and asset management companies also supported Piazza Affari. Unicredit and Intesa Sanpaolo both rise by 3%. Bernstein has restarted coverage on the two stocks with the same recommendation, Outperform. Banca Popolare dell'Emilia Romagna +3%, Mediobanca +4,7%, Banco Popolare +2%, Ubi Banca +2,9%. 

Among managed stocks, Azimut +3%, Mediolanum +1,6%, Banca Generali +4,3% stands out. Generals +2,4%. Impressive fall of Safilo collapsed by 25% after the announcement of the anticipated termination at the end of December 2016, of the Gucci licensing agreement. Kepler Cheuvreux and Bank of America Merrill Lynch cut the recommendation. Luxottica +0,2%. Positive day for luxury: Tod's +3,7%, Yoox +2,9%, Ferragamo +2%, Moncler +0,9%

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