Milan

Italian stocks lead Europe declines amid China slowdown fear

Mediobanca drops 2%

Italian stocks lead Europe declines amid China slowdown fear

(ANSA) - Milan, September 20 - Milan's Ftse Mib index posted the worst performance among stock markets in Europe in midday trading on Thursday, dragged down by banking stocks including Italy's largest lender Intesa Sanpaolo and the nation's largest investment bank Mediobanca. The Ftse Mib market fell 1.6%, led by Mediobanca's 2% drop, Intesa's 4% slump and a 3% fall in Unicredit stock. Negative data from China also weighed down on stocks across Europe after a report showed manufacturing in China is expected to decline for an 11th month. The decline in Italy's market compares with a 1.1% drop in the Spanish market and a 0.7% fall in the French CAC index. Stocks in London meanwhile dropped 0.6% and Frankfurt fell 0.3%. photo: Mediobanca headquarters in Milan

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