(ANSA) - Milan, May 28 - The financial markets were jittery
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 fell back and was 1.01% down on 22,169 points after almost
three hours of trading, with several bank stocks suspended due
to excess volatility.
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 surged back and went over the 210 basis-points
mark, climbing to 211 with a yield of 2.51%.
Milan bourse uncertain
Spread over 210 points