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    European stock exchanges slide, pressure on government bonds

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    Stock markets down in Europe in the last session of the week, before the vote in Italy and Piazza Affari is the worst. With US futures in the red, Milan loses 3.1%, preceded by Madrid (-2.75%), Frankfurt (-2.58%), Paris (-2.28%) and London (-2.11%) ). Ten-year government bond yields rose, from 29 points more in the United Kingdom (3.77%) to 12.2 in Italian BTPs, the yield of which reaches new highs of 4.3% with the spread at 226 ,, 4 points. The yields of France (+7.4 points to 2.59%) and Germany (+6.3 points to 2.02%) also rose, with Bunds for the first time since 2013 above 2%.

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    The dollar strengthenswhich changes hands at 1,025 euros and at 0.9 pounds, while crude oil collapses (Wti -3.53% to 80.61 dollars a barrel) due to fears of a recession, as revealed by the PMI indices that are falling above the estimates in France, Germany and the EU. The analogue given also in the USA is expected.

    Credit Suisse banks (-9.71%) are under pressure, denying rumors of an exit from the US market, Commerzbank (-5.03%), Banco Bpm (-4.63%), also frozen for excess decrease) and Unicredit (-3.59%), in the aftermath of the rally due to advances on a possible increase in estimates for 2023 by the CEO Andrea Orcel. The oil companies Tenaris (-4.78%), Shell (-4.74%), Bp (-3.66%), TotalEnergies (-3.55%) and Eni (-3.51%) weigh.

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    Source: Ansa

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