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Merkel likes the Stock Exchanges, FCA on a roller coaster

The new edition of the Grosse Koalition has strengthened the European price lists – Euros on the rise, Bitcoin soars – Achievements on the Biscione in Piazza Affari, the agreement with Vivendi is not close – Among the banks, strong rebound by Creval.

The euro is firmly above 1,19 against the dollar. TO Milano the Ftse Mib index dropped 0,17%. Positive changes for Paris e Frankfurt (+0,2%). Madrid +0,6%, London +0,3%.

Futures a Wall Street they anticipate a start just above parity on a day devoid of important insights on the macro front.

THEeuro it goes to 1,194 on the dollar, on the highs of the last two months, in a context of decreasing risk of political instability in Germany. The yield on the German Bund rose slightly to 0,37% from 0,35%. The ten-year BTP trades at 1,83%, the yield differential between the BTP and the Bund stands at 145 basis points from 146 at Friday's closing.

The Ctz October 2019 was assigned for the maximum amount of 2 billion, with a yield that fell to the new historic low of -0,337%.

Yet another record of Bitcoin at $9.700. In the last two weeks its prices have risen by 45%.

In November, Istat records a decrease in consumer confidence: from 116,0 in October to 114,3. A decline that comes after five increases in a row.

Brent oil traded at $63,7 a barrel this morning, down 0,2% from last week's +1,8%. Eni -0,2% Saipem -0,1%.

Fiat Chrysler (+0,27%) is in positive ground at 14,77 euros after fluctuating up and down. The stock fell lower after the publication by Le Monde of the news that the French authority intends to fine the group for 9,62 billion euros. The reply was dry: "Fca believes that the allegations reported by the press are groundless and regrets the fact that that information has been made public". A positive effect, on the other hand, comes from the confirmation that the group intends to proceed with the spin-off of Magneti Marelli in the first part of 2017. Ferrari -0,10%, just above $95.

Among the blue chips they are in positive territory Unipol Sai + 1% Italian post +0,8% and Italgas + 0,8%. Enel +0,5%. Deutsche Bank raises the target price to 5,40 euros.

In negative ground stm (-1%( on the wave of the heavy losses suffered by Samsung (-4%) after Morgan Stanley's alarm over excessive euphoria in the chip market.

Mediaset drops by 1,2%: expectations of a rapid resolution of the dispute with Vivendi are slowed down.

Among the banks, Bpm bank+0,2% and Unicredit +0,6%. Bounce the Valtellinese credit (+ 4%).

Monte dei Paschi +1%. The British fund Alken asked for 434 million euros in a civil suit contesting the false representation in the financial statements of the Alexandria and Santorini derivatives, some newspapers reported over the weekend.

In Frankfurt Commerzbank gains 1% after the Swiss newspaper Neue Zuercher Zeitung am Sonntag wrote that ubs formed a team to study the takeover of part of the German bank. Julius Baer it is down nearly 5% after CEO Boris Collardi resigned with immediate effect to move to rival Pictet.

They go up Technological investments (+2,2%, to new historical record) e The Sole24Ore (+3%). The 50 million euro capital increase under option was subscribed at 91,86%. The remaining shares will be subscribed by the underwriting syndicate made up of Banca Imi and Banca Akros.

Among the small caps, two companies invested by the news arriving from China shine.

Giglio Group (+5%) launched iBox Marketplace, a global multi-brand platform for corporate e-commerce.

Central Dairy of Italy (+2,5%) issues a bond loan of up to 15 million euros, maturing in 2024. Beijing has lowered import duties on many consumer goods, including long-life milk that the Italian company will sell through Alibaba.

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