Italian Stocks Plunge on Snap Election
The FTSE MIB plummeted 449 points, or 2% to 21,641 on Friday, its worst day since May 23rd, after fresh political turmoil in the country raised prospects of an early election. Bank shares were among the worst performers, led by Banco BPM, Ubi Banca and Unicredit. Meanwhile, other major European stock markets closed mixed: the DAX 30 gained 32 points, or 0.3% to 12,260; the FTSE 100 went up 16 points, or 0.2% to 7,509; while the IBEX 35 lost 55 points, or 0.6% to 9,171 and the CAC 40 finished nearly the flat line at 5,552.
45 hours ago