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Profit taking across Europe after the rally. Piazza Affari loses 0,9%

The stock markets that have traded the most are obviously the most affected by the sales, starting from Frankfurt – Only London is saved – In Milan, the proceeds invest above all the cooperative banks, FCA and Tod's – Take-off of the 15-year BTP – Great expectations for tomorrow's speech by Yellen from which it will be understood whether the Fed's rate hike is close or not.

Profit taking across Europe after the rally. Piazza Affari loses 0,9%

They fold the European price lists awaiting the verdict of the Federal Reserve on US rates. In anticipation of Janet Yellen's press conference tomorrow evening, traders, already held back by the German Zew (positive but less brilliant than expected) have preferred to realize part of the gains of the last few days.

In Milan the index FtseMib it fell by 0,9% to 22.723. Volatility is growing in anticipation of Friday's technical deadlines. Back from the highs too Frankfurt (-1,5%) slipping below 12 thousand. The Stock Exchange Paris lost 0,7%, Madrid -0,78%.

Waiting for the Fed American stock exchange is down: signs of tiredness in the real estate market are weighing. The dollar is losing ground after recent increases to 1,059 against the euro, from 1,056 at yesterday evening's close. 

Together with the stock markets, the prices of government bonds have fallen: the Btp to 10 years closed at a yield of 1,26%, spread widening to 98.

Recover Eni (+0,4%) after two days of sharp falls, despite new falls in crude oil (Brent at 52,8 dollars a barrel, -1,2%). And despite the gaffe of the deputy minister Claudio De Vincenti who first announced and then denied an hour later the hypothesis of a placement of the six-legged dog's shares. An improbable scoop, after the announcement of the dividend drop.

Saipem +0,1%. Oil drops again: Brent at 52,8 dollars a barrel (-1,2%), Wti at 43,1 dollars (-1,7%). The securities of Popolari banks slow down in Piazza Affari. Banca PopolareMilano closed down by 3,2%. Since the beginning of the year, the performance is 76%. Also declining Popular Emilia (-3,7%) ed Ubi (-2,6%). 

The rest of the banking sector is also in the red: Understanding e Unicredit -1,2% Mount Paschi -1,1%. They are arrears Generali (-1,4%) And Azimuth (-2,3%).

On the seventh day, after six consecutive increases, it closed in the red Fiat Chrysler (-2%) by dragging downwards Exor (-1,7%). Pirelli loses 1,2%. Down too Finmeccanica (-2,6%) And Prysmian (-2,5%). 

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