Arab Today, arab today europe shares fall led by italian stocks after credit downgrade
Last Updated : GMT 05:43:04
Arab Today, arab today
Arab Today, arab today

Europe shares fall, led by Italian stocks after credit downgrade

Arab Today, arab today

Arab Today, arab today Europe shares fall, led by Italian stocks after credit downgrade

Asia stocks
Paris - SPA

European shares fell in early trading on Monday, trimming some of the previous session's sharp gains, following soft macro data from China and Japan while Italian shares dropped after S&P downgraded the country's credit rating, dpa reported.
Milan's MIB index was down 0.7 percent, with Banco Popolare down 1.3 percent and BMPS down 0.9 percent.
S&P on Friday cut the country's sovereign credit rating from BBB to BBB-, just one notch above junk, citing weak growth and poor competitiveness which undermine the sustainability of its huge public debt.

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