Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Milan stocks lose €20bn amid global strife

Share this article

Milan stocks lose €20bn amid global strife
Milan stocks fell 3.42 percent in early trading on Thursday. Photo: Stock market photo: Shutterstock
12:43 CEST+02:00
Milan stocks tumbled 3.42 percent in early trading on Thursday, wiping €20 billion off share price value, amid global concerns over a slowing economy.

Shares in many companies were suspended due to the heavy losses, Ansa reported, sparked by dismal economic figures from the US, falling oil prices, a sluggish recovery in Europe and low inflation.

The drop in indices across Europe was led by Greece main stock index, which plummeted 6.3 percent to a 14-month low.


Get notified about breaking news on The Local

Share this article

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?