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Redemption of banks and FCA, runs Telecom

Piazza Affari rally followed by the other European stock exchanges – While Telecom Italia's shareholders' meeting is underway, ordinary shares are up sharply – Oil in recovery pushes energy stocks – The euro strengthens against the dollar 36 hours after the Fed's decisions on interest rates – Rebound in asset management

Redemption of banks and FCA, runs Telecom

There are 36 hours left before the announcement of the Fed's interest rate decisions. In the meantime, the dollar weakens against the euro, which rises to 1,101, on the November levels. WTI oil rose by 0,9% to 36,5 dollars a barrel. Brent also rose, rising by 1% to 38,5 dollars a barrel. 

Among the oil companies Eni salt by 2,3%, Tenaris + 1,7%Saipem + 2%.

Janl +2,8% - the managing director Francesco Starace confirmed that the sale of 33% of Slovenske Elektrarne will take place by the end of 2015. 

Stock lists are recovering after Monday's losses. In Milan, the FtseMib index is up by 2,3%. All blue chips are on the rise. The other markets are also on positive ground, growing by about 2%.

The positive figure of theZew index, 15 points higher than expected.

Government bonds are also doing well. The Italian 1,66-year bond yields 3% with the spread down by 38,9 basis points. The share of Italian public debt securities held by foreign investors rose to 38,5% of the total in September from XNUMX% in the previous month.

Less than an hour ago the assembly of Telecom Italy: both are on the rise ordinary +3,4% that the savings +2,7%. The conversion of the latter into ordinary ones and the proposal to appoint four Vivendi representatives to the board are under discussion. 

Mediaset reacts to the latest data on advertising in Italy released by Nielsen with a gain of 2,8%. 

Bene Fiat Chrysler +2,7% after the 18,3% increase in sales in Europe, against an average growth of 13,7%. The market share rose to 6,1%. 

Bank stocks go to the rescue. The best is B. Pop. Milan + 3,8%. Understanding salt by 3%, Mount Paschi + 2,6%.

Unicredit +2,5%, announced the restructuring of the retail business in Austria with further savings of 150 million by 2018. This morning Banca Akros upgraded the stock to Accumulate from Neutral.

In asset management rebound of Azimuth +2,6% and by Anima + 1,8%. 

Poste Italiane +1,6%. Banca Imi has started hedging the stock with an add rating and a target price of 8,1 euro.

It also advances stm + 2%.

In luxury: Ferragamo + 3% Tod’s +1,3

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