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Milan bourse uncertain

Spread climbs back up to 200 points

Redazione Ansa

(ANSA) - Milan, May 28 - The Milan stock exchange was uncertain in early trading on Monday after the effort to form a League/5-Star Movement government broke down, with President Sergio Mattarella expected to give former spending review commissioner Carlo Cottarelli a premier mandate.
    The Milan bourse's FTSE Mib index initially gained 1.7% but then lost almost all of that ground and was up just 0.16% on 22,359 points after an hour and a half of business.
    Similarly, the spread between Italy's 10-year BTP bond and the German Bund at first dropped to 190 basis-points, after closing at 204 on Friday, but it then climbed back up to 200 points with a yield of 2.42%.
   

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