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Milan stocks in decline with rest of Europe

Spread flat at 192 points

26 February, 20:24
Milan stocks in decline with rest of Europe (ANSA) - Milan, February 26 - The Milan stock exchange was down at the end of trading on Wednesday, in line with other European markets. The FTSE-Mib index shed 0.37% to close at 20,398 points, while the interest rate on the six-month Italian State BOT bond dropped to a new low at an auction.

The Treasury sold all 8.5 billion euros' worth of the BOTs it put on the market at an average rate of 0.455%, the first time since the introduction of the euro that it has gone below the 0.5% mark.

The rate at the last equivalent sale in January was 0.59%.

Elsewhere in Europe, Frankfurt's DAX index shed 0.39% to 9,661.73 points while the London FTSE index ended the trading day down by 0.46% to 6,799.15 points. Madrid's IBEX-35 index dropped 0.18% to 10,224.30 points, and the Paris CAC-40 index lost 0.40% a 4,396.91 points. The spread between Italy's 10-year bond and the ultra-safe German bund closed the trading day at 192 points, with a rate of 3.52% on the 10-year paper.