Milan Stock Exchange closed down, heavy Luxottica, positive Fca – Reuters Italy

       

MILAN (Reuters) – In contrast with the main European stock exchanges, Piazza Affari closes the first session of the week with a new drop, the sixth in a row, after the attempt to bounce deployed in the morning has not held up to the general weakening of the squares continental and negative opening on Wall Street.

       

I point to a market trader who fails to reverse course suffering particularly difficult economic scenario and the Eurozone which is further detracted from the large correction dell’azionario United States.

       

“You can not go back. E ‘a particularly bad market that tends continually to the letter and sees with terror the bear market on Wall Street whose sharp correction begins to worry,” said a trader.

       

The FTSE Mib index ending down 0.32%, the Allshare 0.36%. Volumes to 2.9 billion euro.

       

The European benchmark FTSEurofirst 300 cancels the initial rises and closes in fractional progress of + 0.02%,

       

A weigh on the FTSE Mib in Milan is particularly LUXOTTICA, which leaves on the ground 9.23% with volumes supported for 5.3 million units, more than seven times the average of the last thirty sessions, in the wake of resignation of AD Enrico Cavatorta, just a few weeks away from those of Andrea Guerra of which had taken place.

       

Different brokers point out that the news, which has triggered a series of downgrades is negative because it highlights the uncertainty of the management structure despite the expectation of good financial results ..

       

Another session to forget for STM that, after -5.5 Friday, lost another 5.4% in a bear market on the chip industry after profit warning launched last week on Wall Street from Microchip Technology and analysts could anticipate the arrival of more bad news from the sector.

       

A catalyze the attention on the market today is also the debut of FIAT-CHRYSLER the dual listing with Wall Street. In Milan the title of the newly formed Dutch holding Fca closed up 1.22% to 7,025, compared with EUR 6.94 EUR Fiat closing Friday. Use the list FCA is increasing to $ 8.95. Read more …