italian stocks plunge after moody\s credit warning
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Italian stocks plunge after Moody's credit warning

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Arab Today, arab today Italian stocks plunge after Moody's credit warning

Milan - AFP

The main Milan stock exchange index fell by more than two percent at the start of trading on Monday after Moody's warned it may cut Italy's credit rating in view of strains in the economy. Banking stocks were among the worst affected, with shares in Intesa San Paolo dropping 2.42 percent to 1.775 euros and UniCredit plunging 2.36 percent to 1.487 euros following Moody's announcement on Friday.

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