Milan Stock Exchange: sharpens the drop at the close (-0.91%) with auto
Piazza Affari closed the last weekly session, accentuating the decline, penalized by fears for the possible impacts of the global computer disruption, which has put banks and airports in difficulty all over the world. Even the Milan Stock Exchange itself was involved in the IT problems and for about an hour at the start of trading the Ftse Mib score was not updatedeven though trading activities “functioned regularly”, Borsa Italiana assured. On the other hand, the market had already ‘weighed’ the decision communicated yesterday by the ECB to leave interest rates unchanged. Still worrying, however, is the resumption of a possible trade conflict between the US and China in the event of the re-election of Donald Trump, favored in the polls, at the helm of the White House
Meanwhile, cybersecurity firm CrowdStrike said it has implemented a fix for the issue that triggered major IT outages affecting multiple industries around the world. The main index of the Milan stock exchange fell by 0.91% to 34,215 points, dragged by cars, with Iveco -2.77%, Stellantis -2.22%, Ferrari-0.78%. Among industrials, going against the trend, Pirelli +0.14%, Leonardo +0.18%, Prysmian +0.59%. Among blue chips, the main energy stocks are down (Enel -0.79%, Eni -1.47%). Tim closes at par. In luxury Brunello Cucinelli slips -2.11%. As for financials, Generali loses 1.02%, Unicredit 0.36%, Intesa falls by 0.61%, Mps -0.55%. At the bottom of the basket, Stm -2.98% and Nexi -3.81%.
European stock markets close in red, Dax worst
European stock markets close in the red, penalized by the fall in raw material prices and the decline in the global tech sector, after the global computer blackout. Leading the declines is Frankfurt where the Dax loses 1% to 18,163 points, followed by Paris with the Cac at -0.69% to 7,534 points, in London the Ftse 100 retreats by 0.60% to 8,154 points. Milan also falls with the Ftse Mib at -0.91
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