Italian bonds fall, stocks rise as Meloni Bloc wins election majority

The election made Meloni’s Italian Brotherhood the largest party in the Senate and House of Representatives. So the next Italian government is likely to be led by a party that has in the past sympathized with the fascist policies of former dictator Benito Mussolini.

Meloni toned down her rhetoric during the campaign and said she would push ahead with EU-demanded economic policies to free up the Ten billion euros in post-pandemic aid, which is necessary to rebuild the country’s economy. Benchmark Yield 100 Italian – Years Bonds Up base point is 4.% open, while 200 2 years bill Yields – a more direct reflection of looming pressure on euro zone debt markets – only rose The base point is 3.%.

While the move was a sharp one, it came as global bond markets widely warned of a crack in European policy amid the pressure of an ongoing energy crisis . ThisGerman-year yield also rose by 7 basis points to 2.%,and96 2 years

Note yield rose 5 basis points to 1.

%. by comparison , Italian stocks welcomed the result, which promised a broad pro-business agenda from the next government. This23730FTSE MIB index opened up 0.2%, making it the second-best performing index in Europe.