Italy stocks jump as new govt announced

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MILAN, June 1, 2018 (BSS/AFP) – The Milan stock exchange opened sharply
higher on Friday following the formation of a new government in Italy, ending
nearly three months of political deadlock.

At 0710 GMT, the blue-chip FTSE MIB index was showing a gain of 2.1
percent at 22,241 points, after rising more than 2.5 percent in the first few
minutes of trading.