Giovedì, 18 Ottobre 2018

Milan stock exchange sheds over 3%


Milan, February 21 - The Milan stock exchange's
benchmark FTSE Mib index dropped 3.12% in early trading Thursday
after shares in several Italian banks and ex-premier Silvio
Berlusconi's Mediaset company suffered big losses.
Mediaset was 4.62% down after almost three hours of
trading, Unicredit shed 4.16%, Bpm lost 4,63%, Intesa Sanpaolo
was 3,85% down, Banco Popolare dropped 3,27% and Mediobanca fell
by 3,59%.
The big falls came after hopes that the eurozone might be
on the road to recovery suffered a setback when the area's
purchasing managers' index (PMI), based on surveys of business
activity, suffered a surprise drop.
The preliminary eurozone PMI for services and manufacturing
for February fell to a two-month low of 47.3, compared to 48.6
in January.
Some economists had hoped the index might go up.
A reading of less than 50 signals a contraction in business

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