Milan stock market closes flat

Italian-German spread at 319 points

Milan stock market closes flat

Milan, March 6 - The Milan stock exchange closed an uneventful trading day with losses in the last 15 minutes of trading. The FTSE-Mib index closed down 0.46% at 15,899 points. The spread between Italian and German bonds, a key measure of Italy's borrowing costs and of investor confidence in the country's ability to weather the eurozone crisis, closed at 319 points. Markets were cautious ahead of a European Central Bank meeting Thursday, analysts said. In London, the FTSE-100 index closed down 0.07% at 6,427.64 points, Madrid's Ibex 35 index lost 0.76% to close at 8,358.90 points, and the Paris Cac 40 index fell by 0.35% to 3,773.76 points. In Frankfurt, the Dax exchange bucked the European trend, adding 0.62% to close at 7,919.33 points.

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