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by Paolo Gila September 02, 2019In the Labor Day holiday day, American markets remain closed. On the European stock exchanges, an attitude of prudence prevails also in the afternoon, with the indices of Frankfurt, Paris and Madrid just above par. London is appreciated instead of 1 and 32%, while Milan marks + 0.65%. On the expectation that the start of the new government will consolidate, the btp / bund spread is down to 166 basis points, with the yield of our decannals at 0.96%. In Piazza Affari, purchases mainly concern banks, asset management is also good, while technology is weak, being more exposed to the international duty challenge between the United States and China. The euro is still down against the dollar, falling to 1.09 and 60.