The Milan stock exchange suffered
significant loses in early trading on Monday as the money
markets continued to feel the effects of Russia's invasion of
Ukraine.
The FTSE Mib index was down by over 3% at one stage, with
Unicredit's share price losing 10% and Pirelli, Intesa, Banco
BPM and Stellantis all shedding over 6%, before the index
regained some of the ground.
Defence and aerospace giant Leonardo, on the other hand, was up
by 13% after the EU announced it would sent arms and funding to
Ukraine.
Ship-builder Fincantieri's stock gained 15%.
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