STOCK MARKET/ Negative start for European markets, Milan down

The European stock markets opened negatively: Milan dropped 1.4% to 38,197, 15 minutes after the start of trading; the All Share index lost 1%.The pan-European Euro Stoxx 50 declined by 1.17%, Frankfurt's Dax was down 1.11%, Paris's Cac 40 dropped 1.09%, London’s Ftse 100 lost 0.97%, Brussels' Aex fell by 0.84%, Madrid’s Ibex 35 dropped 0.87%, and Stockholm's Omxs30 fell by 1.48%. In Zurich, the SMI dropped by 1.31%.