Italian stock market slides at open following vote
London, (MILLAT ONLINE):Italy’s stock market slid at the start of trading on Monday following the country’s unclear election outcome, with Europe’s other main indices mixed.
The FTSE MIB in Milan opened down almost 2.0 percent before quickly recovering part of the ground to show a loss of 1.0 percent at 21,694 points.
A surge for populist and far-right parties in Italy’s weekend election could result in a hung parliament with a right-wing alliance likely to win the most votes but no majority.
Germany’s DAX 30 index shed 0.5 percent to 11,856 points as investors assessed the country’s own new coalition, while in Paris the CAC 40 lost 0.2 percent to 5,127.68.
Outside the eurozone, London’s benchmark FTSE 100 index edged up 0.1 percent to 7,074.26 points compared with the closing level on Friday.