The Milan stock exchange was
uncertain in early trading on Monday after the effort to form a
League/5-Star Movement government broke down, with President
Sergio Mattarella expected to give former spending review
commissioner Carlo Cottarelli a premier mandate.
The Milan bourse's FTSE Mib index initially gained 1.7% but
then lost almost all of that ground and was up just 0.16% on
22,359 points after an hour and a half of business.
Similarly, the spread between Italy's 10-year BTP bond and
the German Bund at first dropped to 190 basis-points, after
closing at 204 on Friday, but it then climbed back up to 200
points with a yield of 2.42%.
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