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Piazza Affari recovering with the banks, the Bot dam holds: rates below 1%

The Treasury sold all 8,5 billion euro of 6-month BOTs with a very slight rise in interest rates and stable demand - Piazza Affari is positive, supported by the recovery of the banks - Bpm leap after the quarterly - The other European stock exchanges are less brilliant – The Syrian crisis sends oil prices flying

Piazza Affari recovering with the banks, the Bot dam holds: rates below 1%

The yield of the Bot at six months placed for auction. The Treasury sold all 8,5 billion euro of 6-month Treasuries with the rate rising very slightly and demand stable. The average yield rose to 0,886% from 0,799% at the July auction, still below 1%. The bid was 1,47 times the amount bid, as in last month's auction

On the government bond market, the BTP yield is 4,44% with the spread at 259, yesterday's level. The Spanish Bono at 10 years makes 4,50

Positive the trend of Milan Stock Exchange, with the Ftse Mib index recording a rise of 0,8% to 16711 supported by the recovery of the banks.

The others are less brilliant European stock exchanges, down except for Paigi +0,07%. London drops by 0,35%, Frankfurt -0,51%, Madrid -0,38%.

The price continues to rise Petroleum, prompted by rumors of an imminent military attack by the US and allies in Damascus. Brent is traded at 115,5 dollars/barrel, with a 1% increase following yesterday's 3%. Wti at 109,9 dollars (+0,8%).

Sale Eni (+1,2%) in line with the other European oil stocks: Total +1,4%, BP +0,6%, Royal Dutch Shell +1%.

The rebound of Piazza Affari can be explained by the recovery of the banking sector: stands out the rise of Banco Popolare +5,24% after the results of the quarter. Unicredit rises by 1,84%, Intesa +1,11%, Ubi gains 3,60%, positive Pop.Milano +1,08%. In equilibrium Monte Paschi +0,05%.

In asset management, the Azimut -2,38% fell sharply, today included in the Eurostoxx 600 index, Mediolanum +1,32%. Mediaset also rebounds +0,52%. Generali unchanged, Fondiaria-Sai +1,11%.

It shines among industrial stocks Finmeccanica +1,84% on the rumors according to which Cassa depositi e prestiti, through the Italian Strategic Fund, is negotiating the purchase of Ansaldo Energia and 29% of Ansaldo STS, the latter down by 2,41%.

Fiat, rewarded by some reports, rises by 0,78% while the rest of the auto sector in Europe is down: Volkswagen loses 2%. Still down StM -0,5%. Enel +1,6% and Telecom Italia +0,7% are up. Difficult day for luxury stocks: Tod's -1,8%, Ferragamo -1,1%. In Paris, Lvmh drops by 1,2%.

Note the rise of D'Amico International Shipping +2%. D'Amico Società di Navigazione, parent company of D'Amico International Shipping, placed orders for dry cargo vessels worth $290 million as it believes prices are near their lowest point and expects a recovery in demand for the cargo.

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