Business · Markets · 9 hrs ago

Milan stock market closes 1.29% higher as Avio and Technoprobe jump

Milan stock market closes 1.29% higher as Avio and Technoprobe jump

Milan’s stock market closed 1.29% higher on Monday, moving in line with other European markets and Wall Street.

Avio and Technoprobe led the gains, rising 5.8% and 5.5%, respectively.

Shares in Prysmian and Stellantis each rose 3.8%, while several banks also gained as investors watched developments in industry consolidation.

The gap between Italian and German government bond yields fell to 112 points, and the yield on Italy’s 10-year bond dropped to 4.48%.

This spread is one measure investors use to compare the borrowing risk of the two countries, so a narrower gap signals a more favourable market view of Italian debt.

Seif shares jumped 18.18% after an announcement about due diligence ahead of a planned takeover bid, while Tim, Eni and Recordati fell.

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