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Italy's leading financial index rises in trading Thursday

Spread between Italian, German bonds closes at 177 basis points

27 March, 19:47
Italy's leading financial index rises in trading Thursday (ANSA) - Milan, March 27 - Italy's main financial market showed small gains on Thursday but many European exchanges weakened on fresh concerns over the conflict in Ukraine and the possibility of increased sanctions against Russia.

The FTSE Mib rose by 0.31% to close at 21,173 points while on the Italian bond market, the spread between Italy's benchmark 10-year bond and its ultra-safe German counterpart closed at 177 basis points.

The yield on Italy's 10-year paper ended trading at 3.30%.

The spread between lending rates in the two countries is an important indication of investor faith in the Italian economy.

On other European markets Spain's IBEX 35 rose by 0.61%, closing at 10,202.80 and Frankfurt's DAX was practically unchanged, closing at 9,451.21 points.

In Paris, the CAC 40 fell by 0.14%, ending trading at 4,379.06 points, while in London, the FTSE index of leading British shares fell by 0.26%, closing at 6,588.32 points.