European stocks weak, banks in Milan down

European stock markets weaken towards mid-session: Milan drops 0.3%, the only one that floats steadily above parity is London.

US employment data expected in the early afternoon, while in Europe growth in services resumed in June.

At Piazza Affari, all the banks went down, including MPS and Mediobanca, after Consob and the antitrust approved Montepaschi's offer document right on Piazzetta Cuccia.

Saipem is the best performer today, while semiconductor stocks are up 0.7% after Washington lifted the ban on American chip software companies operating in China.

Oil down nearly one point at $68.5 per barrel, dollar still down slightly at $1.18 against the euro.