(ANSA) - Milan, August 30 - Markets slumped across Europe
on Friday, dragged down by publicly traded gas and oil companies
after the UK parliament rejected a motion on military
intervention in Syria.
Milan's FTSE-Mib index dropped 1.3% to 16,681.
Trading was suspended in Telecom Italia on Friday as shares
soared a theoretical 9.25% at the telecommunications company
after an analyst's report from Sanford Bernstein ranked stock in
Italy's largest phone company as "outperform".
This means the analysts expect it to outperform the market
Sanford Bernstein posted a target price of 0.9 euros per
share, or roughly 80% more than the prevailing prices for the
shares this summer.
The yield spread between 10-year Italian bonds and the
German benchmark equivalent, a barometer of Italy's borrowing
costs within the eurozone, closed at 255 points with 10-year
yields at 4.4%.
The Frankfurt Dax bourse fell 1.1 % at 8,116, while the
Paris Cac 40 Index dropped 1.3% to 3,993 points.
Madrid's Ibex index fell 1.6 % to 8,297 points.
London's Ftse-100 stock market, meanwhile, declined 1.1% to