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by Michela Coricelli 03 July 2020 Negative closures for all European stock exchanges, now orphaned by the Wall Street lighthouse closed for holidays: the declarations of the Dutch Prime Minister Rutte weigh on the lists of the Old Continent (for which there is no hurry to immediately get to a recovery fund agreement) and rumors about divisions within the European Central Bank regarding the purchase of securities to deal with the emergency.

Milan ends at -0.81%, Paris at -0.84%, Frankfurt at -0.64% and London at -1.33%.

In Piazza Affari, all bank stocks fell with one positive exception: Ubi Banca earns 2.50% after the bank's rejection of the public exchange offer proposed by Intesa Sanpaolo. The membership period of the OPS starts next Monday and will last until 28 July.

"If we remain an independent bank we will immediately go looking for new opportunities," said merger Ubi Banca number one, Victor Massiah.