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Renzi passes the test on government bonds but the stock market remains weak even if it closes in parity

The government passes the first auction of government bonds with interest rates at their lowest but Piazza Affari, in line with Europe, remains weak even if it recovers in the final closing in substantial parity – Prysmian heavy, CNH, Tenaris, Snam and Tod's also down – The banks and above all Bpm are running, as well as Banco Popolare and Mediobanca – The spread is stable.

Renzi passes the test on government bonds but the stock market remains weak even if it closes in parity

It closes almost unchanged Business Square: FtseMib index - 0,02%, at 20472. Paris and Frankfurt drop by 0,1%, London falls by 0,29%. Only Madrid (+0,51%) and Zurich (+0,25%) rose.

After the successful outcome of theCtz auction the 10-year BTP is traded at a yield of 3,58%, the spread is unchanged at 193.

La American stock exchange recovers after disappointing consumer confidence data. The three indices S&P500, Nasdaq and Dow Jones advanced by 0,2%.

THEconsumer confidence index elaborated by the Conference Board it dropped surprisingly in February to 78,1 from 80,7 the previous month.

Investors are cautious ahead of Thursday's hearing by Janet Yellen on the health of the US economy before the Senate Finance Committee.

Tesla it flies up by 13%, to 246 dollars, marking a new all-time high, thanks to the vigorous push of an investment bank like Morgan Stanley which raised the target price from 153 dollars to 320 dollars.

It takes flight there Banca Popolare di Milano (+6,93%), after the promotion of Goldman Sachs, which has included the stock in the Conviction Buy List. Equita Sim judges the institute in Piazza Meda as buy, attributing to it the role of possible aggregator among the Lombard Popolari.

Among the banks, it also goes up Banco Popolare (+2,88%). positive Mount Paschi (+0,44%). The big names are almost unchanged Understanding (-0,08%) And Unicredit (+ 0,09%).

Weak insurance: Generali -0,36% UnipolSai -0,08%. On the contrary, it is in significant decline Prysmian, one of the world leaders in cables, which lost 3,36% after releasing 2013 data. The company closes 2013 with declining margins and confirms the previous year's dividend.

Down Finmeccanica (-0,91%). They go up Fiat (+ 0,26%) and Pirelli (+ 1,2%). Cnh Industrial marks a decline of 1,6%. In retreat too Brembo (-2,1%). Carraro + 4,7%. 

Oil stocks blamed the drop in crude oil prices (Wti down 1,5% to $101,2 a barrel): Saipem drops by 0,72%, Tenaris -0,91%. It's an exception Eni (+ 0,34%).

They retreat Enel (-0,58%) And Telecom Italy (+0,52%). Defy the law of gravity Tiscali (+8,6%) on the tenth consecutive session of increases. The freshman of records falls like a ripe apple, Moncler (-9,4%), which also presented results in line with expectations.

Sarasfinally, it rises by 6,5%. After the quarterly report, Mediobanca has decided to raise the recommendation from Underperform to Neutral. The target price was raised from 0,76 to 1,18 euro (+55%). 

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