European markets recover slightly on China suspension move(2

Milan bourse closes down 1.14%, spread 101 points

(ANSA) - Milan, January 7 - 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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