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Wall Street sinks the Stock Exchanges, the banks save Piazza Affari

Wall Street's opening in the red weighs on all European stock exchanges but Piazza Affari is saved (+0,19%) thanks to the boom in banking stocks despite Italy's rejection by the European Union – Banco Bpm shines above all, Ubi, Bper and Intesa Sanpaolo – Auction Btp 10 ok, but rates go up – Pirelli, Brembo, Juventus and Stm fall.

The green of Piazza Affari shines, in a European field all red and with Wall Street down. The Ftse Mib, in closing, marks +0,19% and rises to 20.498 points. It is still the banks that support the main list (Banco Bpm +4,55%, Ubi +3,42%, Bper +2,7%, Intesa +2,65%) and offset the massive sales on Pirelli -4,06 %, Juventus -3,01%, Brembo -2,49%, Moncler -2,2%. 

Bonds, on the other hand, change direction after the positive sessions of recent days. On the secondary, the 2,79-year yield rises to 1,38% and the spread with the Bund increases by 263.60% to XNUMX basis points. The rates of all the BTPs assigned at auction today also rose, while Brussels beat Italy. In fact, the EU Commission writes in the Country Report that the country still has "excessive" economic imbalances. In particular, "the high debt and the protracted low productivity imply risks with transnational relevance, in a context of high level of npl and unemployment". 

Frankfurt fell -0,41%; Paris -0,26% (where AirFrance-Klm loses 12%, after the surprise entry into the capital of the Dutch state with a 12,7% stake); Madrid -0,15% and London -0,58%.

The morning on Wall Street was negative, above all due to technological stocks, while the second summit between Donald Trump and Kim Jong Un kicked off in Hanoi and tensions between India and Pakistan increased. After the two Indian fighter jets were shot down over Pakistani territory, the two countries closed the airspace to civilian flights. Ears are also wide open to hear the words of Fed Chairman Jerome Powell, in the House Banking Committee, after yesterday's speech in a similar committee in the Senate.

Oil is rallying, supported by unexpectedly lower US weekly inventories. Brent +2,22%, 66,81 dollars a barrel; Wti +3,35%, 57,36 dollars a barrel. Gold takes a break and retreats to 1320,22 dollars an ounce. Euro-dollar without significant changes, around 1,138.

In Piazza Affari, off the main price list, Fincantieri's star still shines +6,62%. Bene Ima, +3,99%, toasting with coffee after the agreement for the acquisition of 70% of Spreafico Automation of Lecco (automatic capsule filling machines) and 61,45% of Tecmar SA in Argentina (packaging machines in the coffee and food sectors). 

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