Spread down, Milan bourse up

FTSE Mib initially up 1.1% but then loses much of gained ground

(ANSA) - Rome, June 4 - The spread between Italy's 10-year BTP bond and the German Bund dropped to 219 basis points, with a yield of 2.6%, in early trading on Monday.
    The spread, an important measure of investor confidence, closed at 226 points on Friday, when Premier Giuseppe Conte's 5-Star Movement/League executive was sworn in.
    The Milan's stock exchange's FTSE Mib index, meanwhile, gained 1.1% soon after the opening of trading on Monday.
    But it lost much of the ground and was up by 0.3% after an hour and a half of business.