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Piazza Affari: Mps in rally, Telecom down. Be careful with European price lists

Corre Monte Paschi, in the wake of the hypotheses on a close agreement for the sale of 20% of the shares by the Foundation (which he has denied) - Negative Telecom Italia, after the board of directors was reconfirmed in Friday's meeting (but with the 42% of dissents) – Prudence on European markets – 2013 was the best year since 1999 for funds

Piazza Affari: Mps in rally, Telecom down. Be careful with European price lists

Milan cancels earnings start-up and moves slightly above parity at +0,11%. The Btp-bund spread goes to 228 basis points. In light of the Ftse Mib il Ps +4% after the hypotheses on a close agreement for the sale of 20% of the shares by the Mps Foundation, a hypothesis however denied by the Sienese body. Stm +2,9%, Fonsai +2,85%, Autogrill +2,78% and Yoox +2,66% also rose. At the bottom of the main basket Telecom Italy -1,92% after the Board of Directors was reconfirmed at the helm of the company in Friday's meeting, however registering 42% of dissents. Atlantia -1%, Enel -0,97%. Bpm -0,93% after Saturday's assembly appointed Giarda as president of the CDS.

Fractional increases also for the other European squares: Paris fluctuates around parity, Frankfurt and London rise around 0,6%. Stock markets are attempting to continue the rally after a positive week which received impetus from stronger-than-expected US GDP growth and from the start of tapering only in a soft version. In the morning, in an interview with CNBC, Christine Lagarde, head of the IMF, said that she believes an increase in US economic growth estimates is possible following the budget agreement in Congress and the start of the tapering . Now, you said, there is greater certainty about the development of the US economy next year, even if you did not want to indicate concrete forecasts.

In Italy Istat for the moment it has certified that consumer confidence has returned to decline in December, after last month's rise the index decreases from 96,2 to 98,2. Also Istat has announced that employment in large companies, i.e. companies with at least 500 employees, recorded a decline on an annual basis in October, a decrease of 1,2% gross of workers on layoffs and the 0,9% net. In Piazza Affari on the rest of the price list weak debut for Wm Capital -4% on Aim. The company, which specializes in franchising, raised 1,4 million euros in the placement phase with a post-listing float of 12,4% and a capitalization of 11,1 million euros.

Corre kinexia +6,3% in view of the extraordinary dividend. The subsidiary Innovatec -3,6% then entered with a 30% stake in Exalto, a company founded by Mario Gamberale and Gianni Silvestrini. The agreement provides that Exalto provides consultancy on the issues of energy efficiency and renewable sources.

funds in 2013 it is starting to close as the best year since 1999. According to data released today by Assogestioni, in November net inflows were positive for 4,788 billion euro, marking 11 consecutive months of positive inflows. Since the beginning of the year, funding has been positive for 65,485 billion euro and in 11 months the outflows of 2012 and 2011 have more than been recovered.

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