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in Economy

Italy’s bank stocks and government bonds rally ahead of ad hoc ECB meeting

by Editor June 15, 2022, 8:53 am 1.7k Views

Italy’s bank stocks and government bonds rally ahead of ad hoc ECB meeting

European bank stocks rose and Italian government bonds rallied after the European Central Bank signalled readiness to discuss how to safeguard weaker nations in the bloc from rising debt costs.

The Stoxx Europe 600 share gauge rose 0.8 per cent in early dealings, while a regional banking sub-index added 3.5 per cent. A FTSE index of Italian shares added 2.7 per cent, with Italian bank Intesa Sanpaolo rising 7 per cent.

The yield on…

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Russia edges toward taking full control of Severodonetsk; Ukraine says delays over weapon supplies 'cannot be justified'

Russia edges toward taking full control of Severodonetsk; Ukraine says delays over weapon supplies ‘cannot be justified’

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