Milan bourse slides 2% in early trading

Banks, Fiat drag investors down

Milan bourse slides 2% in early trading

Milan, August 20 - The Milan bourse slid 2% shortly after trading opened Monday due to losses in the banking sector and at Fiat, the country's automotive giant. The Turin-based carmaker was down 3.86%. Banks were down across the board, with Bper losing 3.96%, Banco Popolare 4.48%, Mediobanca 3.74%, Unicredit 3.44%, Intesa 2.48%, MPS 3.15%, and Carige 7%. The Milan bourse led losses in Europe as markets closed Monday, once again due to struggling banks.

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