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.
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