European stock markets recovered
some ground on Thursday afternoon after authorities in China
suspended a circuit-breaking mechanism that sent Asian stocks
plunging earlier in the day.
The mechanism, introduced by China in December, is designed
to suspend trading automatically in the presence of excessive
volatility.
The Milan bourse closed down 1.14% on 20,189 points
compared to a 2.2% plunge in early trading.
The differential between 10-year Italian treasury bonds and
their benchmark German equivalent stood at 101 basis points.
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