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Wall Street pushes the stock exchanges: in Milan on Unicredit, FCA falls

American quarterly reports support the markets – European stock exchanges all up – Banks rise in Piazza Affari, Mps runs – FCA, Pirelli and Atlantia go against the trend – Spreads still down

The European lists close positive, in field day by Ursula Von der Leyen, member of Angela Merkel's CDU and candidate designated by the heads of state and government to preside over the European Commission. Whoever wants a stronger Europe will have me at their side, argues der Leyen, whoever wants it to be weaker "will have me as their bitter opponent". Meanwhile the other prima donna of the new round of European appointments, Christine Lagarde, designated to the ECB after Draghi, presented her resignation as director general of the IMF effective 12 September.

While waiting and in an atmosphere of more subtle exchanges, already with a festive flavour, Frankfurt salt of 0,38%, slightly more tonic Paris +0,65% and Madrid +0,53%. Well London + 0,6%. Business Squarei is bringing up the rear, with an increase of 0,12%, 22.204 points, but on the secondary spread between 10-year BTPs and the Bund it is in further retreat at 186,4 basis points (-1,64%), with a yield on the Italian ten-year bond that stops at 1,61% after having punched the 1,6% threshold downwards in session. 

Wall Street, in the first hours of trading, proceeds uncertainly, but always at record levels, with other tking banking giants to the test of quarterly accounts. After Citigroup, Goldman Sachs (+ 1,2%) and Wells Fargo (-2,2%) beat analysts' estimates. JP Morgan (+1%) exceeded forecasts, albeit disappointing due to the drop in profits generated by loans.

On the other hand, the Italian banks file a recovery session after yesterday's truce. Queen of the main list is Unicredit +2,61%, with Standard and Poor's reviewing the prospects for the institute from negative to stable. Well Bpm bank + 2,56%. Ps the race resumed, +8,92%, after the issue of subordinated bonds at a rate of 10,5%. 

Among the big caps they shine Saipem +2,08% and Finecobank +2,1%. To curb the Ftse Mib is fca, -3,1%, downgraded from a Goldman report on the car. The suggestion to sell the Lingotto shares also penalizes Exor (-0,41%) while the 'buy' of the American bank pushes Cnh (+0,8%). Is heavy Pirelli (-2,49%) which, like the French Michelin (-1,39%), affected by data on tire sales in June. It is among the worst blue chips of the session Atlantia, -2,35%, chosen yesterday by Ferrovie dello Stato as fourth consortium partner of the new Alitalia, alongside Delta Airlines and the Ministry of Economy and Finance. Down Diasorin -1,17%. On Aim disappointing debut for Marzocchi Pumps, -4,42%. Bad Salini (-3,3%) committed to Astaldi (+ 0,27%)

THEeuro it retreats slightly against the dollar and moves in the 1,121 area. Gold is falling fractionally around 1410 dollars an ounce. The Petroleum Brent type is well tuned and rises to 66,71 dollars a barrel, +0,35%.

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