Stock Exchange: Milan closed higher, Ftse Mib + 0.6% – Economy

Positive session for the Milan Stock Exchange after the political elections: the Ftse Mib index closed with an increase of 0.67% 21,207 points.

Equity markets on the Old Continent without a precise direction at the end of the session: London recorded a final increase of 0.07%, with Amsterdam up by 0.1%, while Paris recorded a decline of 0.2%. Weaker lists in Frankfurt, which lost 0.4%, and Madrid, which closed down 0.8%.

A very nervous day for European government bonds, with the spread between 10-year BTPs and German Bunds reaching 242 basis points towards the end of the session, compared to 231 at the start, with a yield on the Treasury product at 4 , 5%. The BTP rate thus corrects the highs since 2013, while the differential exceeds the closing level of mid-June, touched on the wave of the uncertainties of the ECB for the anti-spread shield, and reaches the level of mid-May 2020.

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