Mercoledì, 17 Ottobre 2018

Milan stock exchange loses over 3%


Milan, June 20 - The Milan stock market's FTSE MIB
index fell 3.09% on Thursday, led by drops in the stocks of
banks and media company RCS, after the US Federal Reserve
indicated it may fade out the stimulus measures and stop its
bond purchase next year if the world's largest economy continues
to post economic growth in line with forecasts.
Banks posted some of the biggest losses during the day's
Trading in Banca Popolare di Milano was suspended after its
price exceeding the 10% volatility threshold, while Banca
popolare dell'Emilia Romagna lost 7%.
Italian media company Rcs, which controls Italy's leading
newspaper Corriere della Sera, was also suspended.
Investment holding company Exor was the only major stock on
a positive track during the day's trading, gaining around 0.2%.

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