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Shanghai closes at -1,8% but European stock markets are looking for a rebound

Another negative day at the Shanghai Stock Exchange but today the European stock exchanges seem not to feel the pinch, at least at the start – Piazza Affari is doing well, gaining more than 1% thanks to the excellent performance of FCA, Luxottica and Moncler

Shanghai closes at -1,8% but European stock markets are looking for a rebound

The rebates to Shanghai Stock Exchange they continue today. The Chinese price list left 1,87% on the ground after losing even 4% halfway through the session. Investors still don't trust the Chinese government's interventions to support the Asian markets and the sales trend continued today.

In contrast the Hong Kong Stock Exchange with the Hang Seng index gaining nearly a percentage point. The Tokyo Stock Exchange closed slightly below parity with the Nikkei index closing with -0,10%.

After yesterday's black day, the European stock exchanges bounced at the opening registering comforting positive signs. At 10 o'clock the Ftse Mib index records a progress of the 1,22% with Moncler, Luxottica and FCA on the shields in an attempt to recover yesterday's heavy passive.

Luxottica gains 3,05% after i excellent group results published yesterday. President Leonardo Del Vecchio explained that the company is not worried about China, where it is working well. Moncler tries to get back up after yesterday's 4,4% loss. Today, at 10 o'clock on Moncler share is the best and earns 3,09%.

Well also the FCA title which, after yesterday's sharp decline on fears of an impact on the accounts of vehicle recalls in the United States, today marks an increase of 2,15%.

As regards the other main European stock exchanges, we point out that at 10 am Madrid marks an increase of 0,44%, Frankfurt 0,24%, Paris up 0,29%.

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