Exchange in recovery with the spread. Thud by Tim and Mediaset

Europe higher in the early afternoon, having spent the first part of the session in decline. They encourage the future on
The US stock market is up. Piazza Affari, even though it is a step back from the other lists, eliminated the losses
in the morning, even if the gap is up in the 307 points zone. Moreover, the Italian government's response to the EU on the economic maneuver of last night is worrying. Answer corresponding to a possible infringement procedure,
already requested by the Austrian Government.

Telecom Italia is in red in Milan after the overthrow at the top with the mistrust of Genish. Strong decline for Mediaset, which also ended in volatility after the quarterly results. Still under the spotlight of Carige after the collapse of the day before. The Pirelli & C has rather prolonged its pace. As yesterday, the actions of the galaxy Agnelli, daFerrari and Fiat Chrysler Automobilest are well established, the eyes of the markets remaining focused on Italy, the government has confirmed the objectives of balance and growth,
request for revision of the finance law by the EU. "Real estate" transfers were included in the maneuver,
equal to 1% of GDP (around € 18 billion). In the United Kingdom, meanwhile, the Prime Minister, Theresa May, today presents to the government
the draft agreement on Brexit.

Propagation spread, the government picks the hard line with the EU
The net increase in the gap between BTP and the Bund which accuses the new round of confrontation between the government and the EU on the maneuver. The yield differential between the decade
The Italian benchmark and the same German maturity exceeded 315 basis points, a sharp increase compared to the closing of
yesterday at 304 points. The government, said badysts of Mps Capital Services, opted for the hard line, maintaining the balances and growth in the letter addressed to Brussels, while increasing the number of divestments.
Safeguard clauses have been included to prevent the deficit from exceeding 2.4% if growth is forecast
they did not come true. The European Commission will publish opinions on the budget laws of member countries, including Italy,
November 21st.

In Milan, Mediaset after the quarterly report, as well as Pirelli
On the Milanese title, attention is always focused on Bca Carige, which is not taken into account after the collapse of the day before (at € 0.0019, -48.65%), this time with a theoretical rate of 10.53%. On the main price list
Rainfall sales, only the Pirelli & C are waiting for data and with a market in October showing good volumes in trucks and mixed vehicles.
nell`auto. Heavy Mediaset after the disappointing quarter, also bad Italian and Telecom. Oil prices fell with Saipem, Tenaris and Eni under pressure due to the drop in crude oil. All the banks are also very red. Off the main list, down the
9% Geox after the disappointing quarter. The sharp decline of Tiscali after rising to the eve.

Steady oil after collapse and pending data on US equities, weak euro
The collapse of oil remains under the scrutiny of operators, after the tweet of Trump and the outlook presented in the OPEC report, that demand fell faster than expected.
In the short term, the focus will be on US private stocks data, the IEA's monthly report (both today) and
US shares published by the Ministry of Energy (tomorrow). WTI, say badysts at Mps Capital
Services, abandons 12 consecutive sessions, recording an event. Brent yesterday also drilled short support in the region
$ 67 a barrel, recording a drop of nearly 7% and hitting the troughs since March, frightened by the review
at the request of OPEC. On the technical side, the dynamic support put in place is particularly important
around $ 64, which consists of an uptrend line started in 2016. Meanwhile, in the currency market,
weaken the euro / dollar well below the threshold of 1.13.

(Il Sole 24 Miner Radiocor)

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