Lunedì, 24 Settembre 2018

Italian stocks lead Europe declines amid China slowdown fear


(ANSA) - Milan, September 20 - Milan's Ftse Mib index posted
the worst performance among stock markets in Europe in midday
trading on Thursday, dragged down by banking stocks including
Italy's largest lender Intesa Sanpaolo and the nation's largest
investment bank Mediobanca.
The Ftse Mib market fell 1.6%, led by Mediobanca's 2% drop,
Intesa's 4% slump and a 3% fall in Unicredit stock.
Negative data from China also weighed down on stocks across
Europe after a report showed manufacturing in China is expected
to decline for an 11th month.
The decline in Italy's market compares with a 1.1% drop in
the Spanish market and a 0.7% fall in the French CAC index.
Stocks in London meanwhile dropped 0.6% and Frankfurt fell

photo: Mediobanca headquarters in Milan

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