August 22, 2019 / 7:42 AM / a month ago

Italy's stocks rise, bond yields fall on report President urges progress on new government

LONDON, Aug 22 (Reuters) - Italian stocks rose and government bond yields extended their declines in early trading on Thursday after Reuters reported President Sergio Mattarella wants clear signs of a possible deal to form a new government by the end of the day.

At 0730 GMT, the blue chip index was up 0.3%, reversing opening losses, while 10-year government bond yields fell 5 basis points to a new almost three year low of 1.286%.

Short-dated bond yields fell up to seven basis points and Italy’s 10-year spread over top rated Germany fell to 195 bps, its lowest since July 29.

The report citing a source close to the president said he wants parties to show “clear signals” of a possible deal to form a new government on Thursday and to make “significant developments” on the plan by early next week.

Reporting by Josephine Mason and Virginia Furness

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below