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Milan stocks lead Europe

Spread falls to 220 basis points

16 December, 20:16
Milan stocks lead Europe (ANSA) - Milan, December 16 - Italy's leading financial index was rising at the end of the day's trading on Monday, topping the list of European stock exchanges.

The Milan bourse closed up 2.34%, followed by Frankfurt's 1.74%, London's 1.3%, Paris's 1.48%, and Madrid's 1.69%.

The spread between Italian 10-year bonds and their AAA-rated German equivalents, the premium investors pay to hold Italian paper, meanwhile fell Monday to 220 basis points with a 4.03% yield.

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