Milan

Europe stock markets lose 230 bln euros in day's trades

11 billion eroded from Milan FTSE All Share index

Europe stock markets lose 230 bln euros in day's trades

Milan, June 20 - European stock markets saw 230 billion euros go up in smoke in the day's trading Thursday. The Stoxx 600 Europe Index lost 3% after the US Federal Reserve announced it would start to phase out the current series of stimulus measures it has introduced to bolster economic growth as long as the world's largest economy grows according to forecast. The Italian stock market saw its FTSE All Share index drop 3% as well, eroding some 11 billion euros from the total value of the local stocks.

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