Milan

Italian financial markets open trading on a weak note

Spread between Italian, German bonds stable

Italian financial markets open trading on a weak note

Milan, October 22 - Italy's financial markets opened on a weak note Monday as investors registered concerns about corporate profits and economic growth around the globe. Milan's FTSE Mib index opened trading 0.04% lower at 15,848 points, although by late morning it showed a slight recovery, rising by 0.46% to 15,935 points. Still, the lacklustre showing reflected a weak trend across Europe. London's FTSE 100 began the week 0.26% lower, while Frankfurt's DAX was down 0.16% and in Paris, the CAC was 0.25% lower. Investors fear that disappointing corporate earnings reported last week in the United States will be repeated in Europe this week. However, the spread between the 10-year Italian bond and the German Bund was stable in early trading, at around 318 basis points with a yield is 4.76%. The spread is an indicator of confidence in Italy's ability to service its huge national debt.

Lascia il tuo commento

Condividi le tue opinioni su Gazzetta del Sud online

Caratteri rimanenti: 400

Le altre notizie

i più letti di oggi