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by Fabrizio Patti 16 August 2019To the European stock exchanges today a day of rebound after yesterday's crash. Milan, closed yesterday for Ferragosto, is the best among the main European markets: + 1%, higher than Frankfurt and Paris, + 0.90%, and in London, + 0.45%.

Positive data on the economy did not arrive, with a picture that remains worrying after the minus sign of the German GDP in the second quarter (-0.1%).

However, the words came from Olli Rehn, governor of the Finnish Central Bank and a member of the ECB, who announced expansive moves for September, such as a possible rate cut and a stock purchase plan.

The spread benefited, which dropped to 205 basis points yesterday and remained stable, far from 240 points last Friday. Oxygen this for banks, which rise on average by 0.60%.

Among the individual titles, Mediaset stands out, + 5%. In the Ftse Mib, the best stocks were Enel and Leonardo, which achieved growth of 3 and a half percent. The other industrialists, on the other hand, suffer from the crisis winds, with Fca closing the Ftse Mib ranking with a drop of 2 and a half percent. Loss over one point for Prysmian and Pirelli.

The oil price is also rising again: Brent at $ 59.23 a barrel, WTI at 55.57. We are very far from the end of April, when Brent had reached 74 dollars.


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