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Milan bourse suffers big losses, bond yield soars

Tension on money markets throughout Europe

(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 Milan bourse's FTSE Mib index was down by 1.8% in the middle of the afternoon.
    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 4.66%.
    The yield closed at 4.5% on Wednesday.
    The spread between the 10-year BTP and the German Bund was up three basis points to 242. (ANSA).
   

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