Tension on money markets throughout Europe
Milan bourse suffers big losses, bond yield soars

Milan bourse suffers big losses, bond yield soars

Milan bourse suffers big losses, bond yield soars

Milan bourse suffers big losses, bond yield soars

Milan bourse suffers big losses, bond yield soars

Milan bourse suffers big losses, bond yield soars
Milan bourse suffers big losses, bond yield soars
  • 2022-09-29 16:50:02 2 months ago
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(ANSA) - ROME, SEP 29 - The Milan stock exchange suffered big losses on Thursday amid high tension on Europe's money markets following alarming German inflation data.
    The FTSE Mib index closed 2.4% down on 20,352 points, the lowest level since November 2020.
    Among the stocks to take the biggest hits were Stellantis, down 3.9%, Bper (-3.2%), Nexi (-3.2%), Tim (-3.2%), Pirelli (-3.2%), Moncler (-3.1%) and Stm (-3.1%).
    The yield on Italy's 10-year BTP bond, meanwhile, climbed sharply, rising to 4,7% at one stage before dropping back to 4.64%.
    The yield closed at 4.5% on Wednesday.
    The spread between the 10-year BTP and the German Bund was up two basis points to 241. (ANSA).
   



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Milan bourse suffers big losses, bond yield soars