Milan bourse down, spread up to 300 pts

Poor quarterly results weighing on some big stocks

(ANSA) - Milan, November 9 - The Milan stock exchange's FTSE Mib index shed 1.1% in early trading on Friday, making the Italian bourse the worst performer of the major European markets.
    A return of the pressure on Italy's State bonds and the poor quarterly results posted by some big companies weighed down the index.
    Fincantieri's stock lost 7%, Leonardo was down 6% and TIM shed 4%.
    The spread between Italy's 10-year BTP bond and the German Bund climbed to 301 basis points in early trading after closing at 294 on Thursday. The yield on the BTP was 3.43% amid the ongoing tug-of-war between Brussels and Rome over the Italian government's budget plan for 2019.
   

ALL RIGHTS RESERVED © Copyright ANSA