by Marzio Quaglino

Milan 17 August 2021 Closing in no particular order for European stock exchanges.

In addition to the tensions linked to the new Taliban regime in Afghanistan, US data showing a decline in retail sales weighed today.

So on the opening down on Wall Street, Milan lost 0.85% ending up at the bottom of the group of Europeans.

Frankfurt (-0.02%) and Paris (-0.26%) defended themselves better, while London was the only one to go against the tide (+ 0.38%).

On the Milanese price list, the greatest decreases concerned the automotive sector with Stellantis (-2.72%) and the banking sector with Banco Bpm at -1.93%.

Despite the climate of uncertainty, the rise of gold stops. The closing price of the European markets settles at 1,781 dollars an ounce, just below yesterday's values.

On the currency market, the Euro fell sharply against the Dollar with the exchange rate at 1.1712.