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Piazza Affari down with the banks, the euro soars waiting for Draghi

European stock markets all in the red awaiting the ECB meeting on Thursday – The euro rises above 1,15 against the dollar – Banks down, Saipem and Yoox accumulate losses of more than 2% – Atlantia and Telecom bucking the trend – Sparks for the Monti group -Riffeser: with Poligrafici +34,82% and Monref +28,34%.

Euro at highs for over a year against the dollar and price lists in the red: this is how the session of the European stock markets closes, weighed down in the afternoon by the jarring opening of Wall Street (but now the Nasdaq is growing). Piazza Affari stops down by 0,59%, at 21.358 points, weakened by some banks, Bper -3,25%. 

The black jersey goes to Frankfurt, -1,25%; while the confidence of German investors in July falls more than expected. Losses are more than one percentage point in Paris -1,09% and in Madrid -1,19%. London contains the damage, -0,19%.

The New York lists and the dollar are still partially penalized by the Donald Trump's defeat yesterday on Obamacare, a stop that casts a shadow on the president's reform program and on the expected tax cut. The two-sided quarterly results of Goldman Sachs and BoF weigh in part, exceeding forecasts on the accounts, but showing a slowdown in trading activities, as has already been done by JP Morgan. Among the worst titles there is Harley Davidson (-9%), which lowered its full-year forecast. The top management does not rule out possible acquisitions aimed at expanding the customer base, which today is mainly made up of "baby boomers" on their way out; therefore the Ducati hypothesis also remains on track. At the moment Dow Jones and S&P are in decline, while the Nasdaq caresses new records, with Netflix unstoppable after the brilliant quarterly of yesterday. 

The euro-dollar exchange rate is 1,157 +0,83%. Gold benefits from the weakness of the US currency, +0,68%, 1242.825 dollars an ounce. Brent +0,64%, 48,75 dollars a barrel, with the news that Libya will participate in the summit of OPEC and non-OPEC countries in St. Petersburg.

While awaiting the words that Mario Draghi will pronounce the day after tomorrow, at the end of the ECB meeting, the positive intonation of the Italian paper on the secondary continues. The 2,2-year yield falls to 1,68% and the spread with the Bund narrows by 163.90%, to XNUMX points. 

In the business square a shower of sales hits Bper, bad Mediobanca -2,05% e Unicredit -1,77%. After yesterday's rally, Prysmian -2,11% and Ynap -2,29% pay the price. The latter was affected by the weakness of the sector at a European level, with the German Zalando knocked out by the half-yearly accounts.

In sharp decline Saipem -2,38%penalized by Credit Suisse's decision to cut its rating from neutral to underperform.

The weakness of the dollar weighs on FCA -1,25%, Buzzi -1,34% and Leonardo -1,41%.

On the other hand, purchases reward Atlantia +1,48%. Telecom's recovery continues +1,17%. Enel fractional growth +0,77%; Azimuth +0,55%; Banca Generali +0,54%. 

Out of the main basket the Monti-Riffeser group sparks: with Poligrafici +34,82% and Monref +28,34%.

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