MILAN STOCK MARKET opens negative in line with Europe, down sharply STM – Reuters Italy

       

MILAN, July 22 (Reuters) – Starting negative, as in the forecast, the Milan Stock Exchange. Weak also other European markets after the fall of 1% of the Dow Jones US yesterday.

       

Shortly dopol’avvio, the FTSE Mib yields 0.50%, while the AllShare 0.48%. The European benchmark Ftseurofirst300 lost 0.49%.

       

Weak banks, down even with the energy sector down 0.6% ENI and SAIPEM falling 1.6%.

       

STM yields around 3.5% affected by the downgrade of Citigroup who cut the recommendation to “neutral” from “buy” with a target price of EUR 7.8 to EUR 8. The technology also weigh the disappointing results of Apple yesterday.

        
        
       

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