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by Paolo Gila Milano January 22, 2020 Another session in decline for the European stock exchanges, also intimidated by the threats of commercial retaliation by the American President Donald Trump. Milan has lost - like Paris - 0.58%. London sold 0.51%, Frankfurt 0.30%.

The US lists, on the other hand, show a different behavior with the Dow Jones marking + 0.10% and the Nasdaq advancing by more than half a point.

Political tensions over Di Maio's resignation from the role of political leader of the M5S created nervousness on the government bond segment, where the btp / bund spread increased to 170 basis points and then closed at 165 points with the performance of our decennial at 1 and 35%.

All of this caused a surge in bank securities sales that weighed down the balance sheet. Euro stable against dollar slightly below 1 and 11.