Milan stock exchange makes gains in early trading

(ANSA) - ROME, MAR 21 - The Milan stock exchange climbed 1.9% in early trading on Tuesday as a climate on optimism returned to Europe's money markets following the reassurances given about UBS's rescue of troubled fellow Swiss lender Credit Suisse. Many Italian banks made significant gains, including Unicredit (up 4.4%), Bper (up 3.4%), Banco Bpm (up 2.6%), Intesa (up 2.5%) and MPS (up 1.7%).
    Milan's FTSE Mib index had closed up 0.5% on Monday.
    The spread between Italy's 10-year BTP bond and the German Bund, meanwhile, stood at 181 basis points, after closing at 186 on Monday, with the yield on the BTP at 3.98%. (ANSA).