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LONDON (Reuters) – European stocks fell on Friday under the spur of Italian stocks in a context of political uncertainty in the country. The statements of US President Donald Trump, who for the time being excluded a trade agreement with China, also weighed on the opinion.
The main Italian stock index closed down 2.5%, reaching its lowest level in two months after ruling party leader Matteo Salvini withdrew his support for the country's coalition government and called for new funding. elections.
The fiscal crisis in Italy and the prospect of extremely low rates for a long time have already weighed on banking stocks, whose index closed at 4.5%, returning to its lowest level since September 2016.
Italy's 10-year government bond yields will see the biggest weekly increase this year.
With declines of more than 1% in most other major indices, the European STOXX 600 ended the session down 0.8%, following the footsteps of global stock markets.
The DAX <.GDAXI> German economy fell by 1.3%, while the CAC <.FCHI> French closed down 1.1%.
Losses on the London Stock Exchange, however, were held back by gains in the health sector and the rise in shares of the advertising company WBB after better than expected results in the second quarter. The index closed down 0.4%.
(Reuters)
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