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Piazza Affari rises but so does the spread. On Wall Street new historic lows for Facebook and Groupon

The Milan Stock Exchange closes up by 1,3% and eliminates the losses accumulated since the beginning of the year – However, the clouds remain on the Btp-bund spread, which has returned to rise and closed at 430bp – Data mark in the US better than expected but uncertainties remain due to the euro crisis – On Wall Street new all-time lows for Facebook and Groupon

Piazza Affari rises but so does the spread. On Wall Street new historic lows for Facebook and Groupon

Better-than-expected US macroeconomic data pushes Europe which closes positively: Frankfurt +0,64%, Paris +0,23%, London +0,31% and Milan +1,30%. But on the sprint of the Milanese Piazza, which returned to the levels of early April and canceled the losses from the beginning of the year, the clouds of the Btp-bund spread remain, which has returned to rise and closed at 430 points.

And the euro, after a flare-up to 1,2380, retraced to 1,2313. The single currency was supported by the intervention of Angela Merkel who yesterday from Ottawa, in a joint press conference with Canadian Prime Minister Stephen Harper, assured that "the ECB is completely in line with Germany and with the European leaders" when reiterates its commitment to do everything possible to defend the euro and when it insists on the conditionality of aid to states in crisis. "That's what Germany has always said," she clarified Merkel. A new stance in defense of Draghi against the German hawks. While awaiting the face-to-face meeting between Merkel and Hollande on the 23rd, today the German government rejected the plan for European supervision by the ECB aimed at all banks, reiterating its intention to implement it only for the 25 largest banks. The plan, anticipated by the business daily Handelsblatt which cites sources close to the European Commission, would be in line with the wishes of French President Hollande. Meanwhile, a heated debate on the euro has broken out in Finland with the Finnish Foreign Minister, Erkki Tuomioja, who invites us to be ready for an explosion of the Eurozone, even though he specifies that it is an event that no one in the country wishes for.

A Wall Street at the close of the European Stock Exchanges the Dow Jones rose by +0,12% and the Nasdaq by +0,28% despite the good stars and stripes macro data. Facebook and Groupon have hit new all-time lows while Apple is at highs.

Il super-index of the American economy in July it rose more than expected. The indicator measured by the Conference Board rose by 0,4% in July, after -0,4% the previous month. Consumer confidence was also better than expected with the University of Michigan index rising to 73,6 in August.

In Piazza Affari, in a session with sustained volumes for the period, the bankers are well bought. Mps flies, best share of the Ftse Mib, +17,58% after the president Alessandro Profumo spoke of a possible return to dividends, however warning the Foundation that in the future the coupons cannot be those to which the Mps Foundation had become accustomed in the moments of maximum splendor and that in the future it will have to reduce its stake in the bank.

Where's Banca rises by 7,08%, Bpm by 6,55%, Mediobanca by 6,15%. Highlights too Finmeccanica +11,21%, suspended several times due to excessive increases. The rally continues even if with a more contained rise than yesterday Mediaset, +2,94%. At the bottom of the A2A list -2,13%, on profit taking from the race in recent days, Salvatore Ferragamo -0,99%, Campari -0,64%, Lottomatica -0,37%.

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