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%.
ALL RIGHTS RESERVED © Copyright ANSA
