Giovedì, 18 Ottobre 2018

European markets fall, led by Milan bourse


Milan, August 19 - Markets were mixed across Europe
on Monday, with Milan's FTSE-Mib dropping after financial
services shares posted substantial declines.
The Milan bourse declined 2.5% to 17,243, inverting the
trend of the last few trading sessions which saw Italian shares
The declines were led by banking stocks, with Unicredit and
Ubi losing 5.2% and 5.1% respectively.
Banca Popolare di Milano fell 4.6%, while Banco Popolare
dropped 4.5% and Banca Intesa fell 4.1%.
Mediobanca, Italy's largest investment bank, slumped 3.9%.
The yield spread between 10-year Italian bonds and the
German benchmark equivalent, a barometer of Italy's borrowing
costs in the eurozone crisis, closed at 238 points with 10-year
yields at 4.3%.
The Frankfurt Dax bourse fell 0.3% to 8,366, while the
Paris Cac 40 index dropped 1% to 4,083 points.
Madrid's Ibex index dropped 1.9% to 8,657 points.
London's Ftse-100 stock market fell 0.5% to 6.565 points.

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