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Milan stock exchange loses 1.63%, other leading indexes down

On rumors US Federal Reserve will taper bond buying

17 December, 20:04
Milan stock exchange loses 1.63%, other leading indexes down (ANSA) - Rome, December 17 - The Milan stock exchange slid along with major European listings Tuesday on rumors the US Federal Reserve might taper bond buying, analysts said.

The FTSE-Mib index lost 1.63% to close at 17,925 points while the FTSE All Share index shed 1.49% to close at 19,126 points.

The day's big loser was scandal-ridden Monte dei Paschi (MPS) bank, whose shares dove 4.89% to 0.1576 euros a share after Chairman Alessandro Profumo called for another capital increase or risk being nationalized.

In Madrid, the Ibex 35 index lost 0.83% to close at 9,351.70 points. The Parisian CAC-40 index ended the day down 1.24% at 4,068.64 points while in Frankfurt, the DAX index lost 0.86% to close at 9,085.12 points.

London also closed down, with the FTSE-100 index losing 0.5% to end the session at 6,486.19 points.

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