The Milan stock exchange soared
after the opening of trading on Thursday as the international
money markets responded positively to US President Donald Trump
pausing the hefty tariffs he imposed on imports from many
countries.
The FTSE Mib index was up 7.8% and many stocks made
double-figure gains as investors rushed back to shares that had
been subjected to big sell-offs since Trump announced the
tariffs last week.
Prysmian was up 13.3%, Stellantis 12.7%, STM 12.8%, Fineco
11.9%, Interpump 11.8% and Mediolanum 11.3%.
UniCredit led the recovery among bank stocks, rising by 11%,
followed by Intesa (+10.1%) and Popolare di Sondrio (+9,8%).
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