Milan Bourse Closes 5.18% Down Amid Global Stock Decline

Milan: The Milan bourse closed 5.18% down on Monday, marking the third consecutive decline following the announcement of US President Donald Trump’s tariffs last Wednesday. The benchmark FTSE-Mib index ended the day at 32,853 points.

According to Ansa News Agency, the impact was felt not only in Milan but across European and global markets. London experienced a 4.4% drop, while Paris and Amsterdam both saw declines of 4.7%. Frankfurt’s market fell by 4%, and Madrid registered a 5.1% decrease.

The downward trend in the markets briefly halted due to reports suggesting that President Trump might delay the tariffs for 90 days. However, these reports were quickly dismissed as fake news by the White House, leading to the continuation of the stock declines.

In the United States, the New York Stock Exchange also experienced downturns. The Dow Jones was down by 1.28%, the Nasdaq decreased by 0.25%, and the S and P 500 fell by 0.75%. These indices seemed poised for further declines following the denial of the tariff delay reports.