Italian stock market slides at open following vote

AFP, LONDON: Italy's stock market slid at the start of trading yestersday following the country's unclear election outcome, with Europe's other main indices mixed.

The FTSE MIB in Milan opened down almost 2.0 per cent before quickly recovering part of the ground to show a loss of 1.0 per cent at 21,694 points.

A surge for populist and far-right parties in Italy's weekend election could result in a hung parliament with a right-wing alliance likely to win the most votes but no majority.

Germany's DAX 30 index shed 0.5 per cent to 11,856 points as investors assessed the country's own new coalition, while in Paris the CAC 40 lost 0.2 percent to 5,127.68.

Outside the eurozone, London's benchmark FTSE 100 index edged up 0.1 per cent to 7,074.26 points compared with the closing level on Friday.

 

Italian stock market slides at open following vote

AFP, LONDON: Italys stock market slid at the start of trading yestersday following the countrys unclear election outcome, with Europes other main indices mixed. The FTSE MIB in Milan opened down almost 2.0 per cent before quickly recovering part of the ground to show a loss of 1.0 per cent at 21,694 points. A surge for populist and far-right parties in Italys weekend election could result in a hung parliament with a right-wing alliance likely to win the most votes but no majority. Germanys DAX 30 index shed 0.5 per cent to 11,856 points as investors assessed the countrys own new coalition, while in Paris the CAC 40 lost 0.2 percent to 5,127.68. Outside the eurozone, Londons benchmark FTSE 100 index edged up 0.1 per cent to 7,074.26 points compared with the closing level on Friday.