Milan stock exchange suffers big losses amid Middle East crisis

IRAN-ISRAEL

The Milan bourse suffered big losses in early trading on Monday as did the other major European stock markets, after the United States and Israel launched attacks on Iran at the weekend.     After less than an hour of business, the FTSE Mib index was down by 2.5% to 46,000 points.     Stellantis shed 5.96% and bank and fashion stocks were hit hard too, with Bper down 4,5%, MPS down 4.56%, Mediobanca losing 4.4%, Moncler shedding 4.38% and Cucinelli down 4.18%.     Defence giant Leonardo was up