Bags today May 23 | Milan opens in decline with the rest of Europe. Spread at 186 points
On the day of the decree on flooding in Emilia Romagna with aid for businesses, Piazza Affari opens the decline with the Ftse Mib index losing 0.22% and then 0.33% and the Ftse All share which marks a initial decline of 0.19%. Among the stocks bucking the trend are Cnh Industrial which gains 1.37%, Tenaris (+0.54%) , Saipem (+0.5%) and Erg (+0.44%). On the other hand, Snam (-1.1%), Mediobanca (-1.08%), Banco Bpm (-0.66%) and Finecobank (-0.65%) were down. Here Piazza Affari in real time.
The European red and fears for China and the USA
European stock markets were also weak after the mixed closure of Wall Street, with attention focused on US debt, and the declines recorded in Asia. The Cac 40 index of Paris drops by 0.35%, the Dax 30 of Frankfurt falls by 0.21% and the FTSE 100 of London marks a decline of 0.28%. There is expectation for the minutes of the Fed which will be released tomorrow, while in China the stock markets have dropped under the weight of investors' worries about the slowdown in the country's economic recovery. The CSI300 blue chip index lost 0.5% on Tuesday May 23 and the Shanghai Composite lost 0.6%.