(see related).
The Milan stock exchange's FTSE
MIB index climbed 1.1% to 18,860 points in early trading on
Wednesday after Rome and Brussels reached an agreement over
Italy's budget for 2019.
Bank stocks led the surge.
The spread between Italy's 10-year BTP bond and the German
Bund fell to 257 basis points, down from Tuesday's closing value
of 269.
The yield on the BTP slid to 2.82%.
The spread had been above the 300-points mark regularly in
recent months amid tension between the European Commission and
the Italian government over the budget.
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