Stock market: Europe falls, Milan (-0.5%) drops back below 53,000 points, Wall Street down

St slumps (-7%) amid tech sector concerns; Leonardo turns lower

(Il Sole 24 Ore Radiocor) - European stock markets and Wall Street are performing increasingly poorly. The Milan Stock Exchange has lost around half a percentage point, with the FTSE MIB once again falling below 53,000 points, weighed down by a sharp fall in ST (-7.6%) in the wake of widespread sell-offs in the tech sector triggered by Samsung’s slump in Seoul, despite record profits. Leonardo has turned negative (-2%), whilst the crucial NATO summit in Ankara has got underway. US President Donald Trump has accused Italia, Germany and France of failing to support the US in the war against Iran, stating that he is “very disappointed” with NATO. Fincantieri (+5%) continues to drive buying. Paris has also turned lower (-0.17%), whilst Frankfurt is extending its losses. On Wall Street, the Nasdaq extended its losses (-1.4%) and the Dow Jones weakened (around the break-even point).

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