Italy stocks cut gains on hung parliament fears
MILAN Feb 25 (Reuters) - Italian shares pared gains and the spread between Italian 10-year government bonds and equivalent German Bunds widened after projections put the centre right ahead in the Senate, contradicting earlier polls from a key parliamentary election.
The Milan blue-chip index was up 1.6 percent by 1526 GMT, having earlier gained nearly 4 percent. The spread widened back to 270 basis points after earlier dipping below 255 basis points.
Initial telephone polls had put the centre-left ahead in both the lower house and the Senate (upper house).
- Alibaba IPO ranks as world's biggest after additional shares sold
- Study of smoking cancer patients fuels e-cigarette debate
- Exclusive: Iran seeks give and take on Islamic State militants, nuclear program
- Islamic State closes in on Syrian town, refugees flood into Turkey |
- Accused White House intruder is decorated Iraq war veteran