FTSE MIB Declines on Industry Drop and Corporate Losses
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The FTSE MIB dropped 1.7% to 42,047, influenced by weak industrial data and corporate losses. Italy's industrial production fell 2.4% in August, the largest decline since December. Notable declines included Stellantis (-7%), Ferrari (-2.8%), Tenaris (-5.2%), and Leonardo (-4%). Banking shares also retreated, while utilities like Enel and Terna saw gains. Concerns over a potential trade war escalated after President Trump's tariff threats on Chinese goods.
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