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After the vote: the stock market flies, the spread goes down

The Milan Stock Exchange soars after the first results, at the close of the polls: it gains over 3% – The effect of the Italian political elections is also felt on the other European stock exchanges, in particular Paris and Frankfurt – Bank stocks do very well in Milan – Spreads below 260 bps

After the vote: the stock market flies, the spread goes down

The Milan Stock Exchange, which was already gaining from this morning's opening, put its foot on the accelerator immediately after the first instant polls were announced, when the polls closed. Just before 16 pm Milan was gaining over 3,4%, after exceeding +4%. Frankfurt (+2,26%) and Paris (+1,78%) are also doing very well

In Milan, the best increases were ensured by bank stocks: Popolare Milano +6,41%, Ubi +6,73%, Unicredit +8,09%, Monte Paschi +6,62%, Mediobanca +6,41%. The sub-fund is favored by the trend of the spread, which immediately dropped below 15 bps after 270 pm. Mediaset gains 9,56%.

The only shares in negative territory for the moment are Impregilo -0,3% and Temaris -013%.

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