European exchanges close lower

(AGI) Rome, Oct 2 - European exchanges were acutely lower atclose due to falling banking stocks. The financial world wasdisappointed by Thursday's press conference from the ECBpresident, Mario Draghi, who restated the ECB Septemberposition, including the start of an ABS buyout program, withoutmentioning any new stimuli. Milan fared the worst. The Ftse Mibindex lost 3.92 percent ending the day at 19,894.88 points. InFrankfurt the Dax fell 1.99 percent to land at 9,195.68 points,while London's Ftse 100 backpedalled 1.69 percent to 6,446.39points. In Paris the Cac 40 plummeted 2.91 percent to 4,242.67

(AGI) Rome, Oct 2 - European exchanges were acutely lower atclose due to falling banking stocks. The financial world wasdisappointed by Thursday's press conference from the ECBpresident, Mario Draghi, who restated the ECB Septemberposition, including the start of an ABS buyout program, withoutmentioning any new stimuli. Milan fared the worst. The Ftse Mibindex lost 3.92 percent ending the day at 19,894.88 points. InFrankfurt the Dax fell 1.99 percent to land at 9,195.68 points,while London's Ftse 100 backpedalled 1.69 percent to 6,446.39points. In Paris the Cac 40 plummeted 2.91 percent to 4,242.67points, and in Madrid the Ibez lost 3.12 percent, closing at10,418.1 points. . .