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Telecom Italia and Fiat dragged the stock market downwards and the euro fell against the dollar

The sharp decline of the largest telephone group after the presentation of the quarterly and the new fall of Fiat which has not yet recovered after the collapse that followed the new business plan ballast Piazza Affari, the worst price list in Europe - Prysmian recovering - ECB moves make euro gain ground against dollar – S&P record.

The Stock Exchanges rise to the tow of Wall Street and the slowdown of the euro. But there is one exception: Piazza Affari closes in negative territory, Mib index -1,11%, at 21.255.

Certain quarterly data above all influenced the Stock Exchange: Telecom Italy loses % after announcing this morning first quarter results down. Campari also disappoints -3,9%, defensive stock par excellence. Surprisingly, the quarterly report of the Italian leader in the drinks sector recorded a drop in revenues and profit.

The other European stock exchanges, on the other hand, show slight progress: London + 0,26% Paris + 0,24% Frankfurt + 0,57% Madrid + 0,14%.

The rise of Airbus (+6,3%), which announced better-than-expected growth results. 

Wall Street meanwhile it remains at record levels, the Dow Jones index rises by 0,2% to 16729 points, a level never seen in history. The Nasdaq is unchanged and the S&P500 index gains 0,1%

The euro slows down after the rumors about the go-ahead for the Bundesbank to the next expansionary maneuver by the ECB reported by The Wall Street Journal. The change is 1,3705, from 1,375 at last night's close.

On the government bond market, after the positive outcome of the auction (but the three-year bond has risen above 1%), the yield of Btp to 10 years it is down to 2,94% (yesterday 2,96%).

spread to 152 following the announcement that the Treasury has entrusted a group of five banks with the mandate for the syndicated placement of a new 15-year benchmark BTP maturing on 1 March 2030.

Blackrock still progresses on the banking front. The US asset management giant, which recently joined UniCredit, Intesa Sanpaolo, Mps and Banco Popolare, also appears in the capital of Banca Popolare di Milano -1,53% with 5,149%. This is what emerges from the communications to Consob on significant shareholdings, which report a transaction dated 6 May. On 5 May the 500 million capital increase of the institute in Piazza Meda started.

Goes down Unicredit (-1,1%) And Mount Paschi retreats by 0,7%. The other banks are also down: Understanding -1,2% Banco Popolare -1,6% Ubi -1,7%. In Europe, the best sector is the automotive sector (Stoxx +1,1%) led by Daimler + 1,8%.

However, the rain of sales does not stop Fiat -2,8%. Among other industry titles, Finmeccanica 0,2% salt, StM +80,%, runs Prysmian + 3%. Eni loses 0,7%, Saipem -1% Tenaris -1,1%. All utilities down: Enel -1% Snam -1,1% Terna -1,2%.

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