Europe extends losses mid-session
The Milan Stock Exchange is down at the mid-session halfway point. The Ftse Mib, in line with the other main European markets, fell by 0.71% to 24,758 points. After the decisions of the Fed and the ECB on interest rates, the return of tension between China and the United States, following the shooting down of Beijing’s spy balloon, also weighs on the markets. The luxury sector is down sharply, with Moncler losing 4.02%, Salvatore Ferragamo 2.07%, Brunello Cucinelli 1.98% and Tod’s 0.82%. Among the industrialists, StMicroelectronics performed badly, falling back by 2.99%, and Iveco, which left 2.71% on the ground. Among the banks leap of Intesa Sanpaolo, which advances by 2.41%. Banco Bpm also bought well, rising by 1.77%. Unicredit is more cautious, gaining 0.66%. Tonica Tim, which grew by 1.62% with the market speculating on a possible counter-proposal from CDP on the network after the offer presented last week by Kkr.
