Mercoledì, 26 Settembre 2018

Milan bourse plunges, spread goes up to 238 points


Milan, June 21 - The Milan stock exchange's FTSE Mib
index shed 2.02% on Thursday, dropping to 21,673 points, and the
spread between Italy's 10-year BTP bond and the German Bund
soared to 238 basis points after closing at 216 on Wednesday.
Investors are said to be concerned about tension between
Italy and the EU ahead of an informal meeting of several EU
States on migration on Sunday and Interior Minister Matteo
Salvini's talk of cutting Rome's contribution to the EU budget
if the government is not satisfied.
The appointment of two politicians considered Euroskeptics to
the helm of two important parliamentary committees - Claudio
Borghi for the House budget committee and Alberto Bagnai for the
Senate's finance committee - is thought to have contributed to
the unease.

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