The Milan stock exchange's FTSE Mib
index shed 1.85% in early trading on Wednesday, dropping to
22,800 points, as the financial markets await President Sergio
Mattarella's next move after the League and the 5-Star Movement
said they wanted law professor Giuseppe Conte to lead a
coalition government.
Milan was the worst performer in Europe although the other
main markets on the continent were also down, with Frankfurt
losing 1.2%.
The spread between Italy's 10-year BTP bond and the German
Bund, meanwhile, crossed the 190 basis-points mark.
The spread, an important measure of investor confidence,
climbed to 192 points with the yield up to 2.41%.
ALL RIGHTS RESERVED © Copyright ANSA
