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Milan Stock Exchange, FTSE Mib sells over 1% weighted by banks and automotive By Reuters

Milan Stock Exchange, FTSE Mib sells over 1% weighted by banks and automotive By Reuters
Milan Stock Exchange, FTSE Mib sells over 1% weighted by banks and automotive By Reuters

© Reuters. A passer-by in front of the Milan Stock Exchange, February 25, 2020. REUTERS / Flavio Lo Scalzo

MILAN, July 8 (Reuters) – Piazza Affari is down sharply in the early stages, in line with European equities, where the most cyclical stocks such as commodities, banks and those in the automotive sector show the most marked falls, while worries about economic recovery are growing.

Asian markets also closed in negative territory.

At a macro level, eyes focused on the weekly data on US unemployment benefits claims.

Among the titles in evidence:

STELLANTIS down by about 2.5% in the early stages. The group announced it sees adjusted operating profit margins for the first half of 2021 above the range of 5.5% -7.5% previously disclosed for the full year, despite volume losses from planned production rates. A similar decrease also for CNH (MI

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