Milan stocks close sharply down

(AGI) Milan, July 10 - Milan stocks closed sharply down, drivenby bad industrial production data and weak banking sectortrading. The FTSE MIB fell 1.90 percent to 20,488 points, afterhitting a mid-session low of minus 2.8 percent, while the AllShare lost 1.63 percent. Milan was the worst-performingEuropean market. Falling industrial production in Italy andFrance in May, reflecting problems with the real economy,concerns over a possible crisis in Portugal, triggered by theBanco de Espirito Santo, and the spread widening to over the170 basis point threshhold all served to dampen investorspirit. (AGI) .

(AGI) Milan, July 10 - Milan stocks closed sharply down, drivenby bad industrial production data and weak banking sectortrading. The FTSE MIB fell 1.90 percent to 20,488 points, afterhitting a mid-session low of minus 2.8 percent, while the AllShare lost 1.63 percent. Milan was the worst-performingEuropean market. Falling industrial production in Italy andFrance in May, reflecting problems with the real economy,concerns over a possible crisis in Portugal, triggered by theBanco de Espirito Santo, and the spread widening to over the170 basis point threshhold all served to dampen investorspirit. (AGI) . .