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Stock Exchange: Europe opens sharply higher, Milan +0.83%%


Paris +1.27%, Frankfurt +1.18%, London +0.95%. Deutsche Bank rebounds to +5% and erases the uncertainties about its solidity (ANSA)

European stock exchanges kick off into high gear, after Friday's drop on the back of a new wave of fears about the banking sector that hit more than other Deutsche Banks.

Paris rises by 1.27% with the Cac 40 at 7,103 points.

Frankfurt gains 1.18% with the Dax at 15,133 points.

London gains 0.95% with the FTSE 100 at 7,476 points.

The Milan Stock Exchange rebounds at the start.

The first Ftse Mib scores +1.47% at 26,273 points, to then smooth out the gap at the start with +0.83% at 26,101 points.

The banks are holding on

: Unicredit scores 1% and Intesa Sanpaolo +0.88%.

The spread between Btp and Bund drops to 184 points while the yield on the Italian 10-year bond, while decreasing, remains above the 4% threshold

Deutsche Bank rallied at the start after Friday's decline.

The stock of the German banking group rises by 5%, immediately putting aside the uncertainties about its solidity that knocked it down in the last session.

However, reassurances about the strength of the bank have arrived from many quarters.

Source: ansa

All life articles on 2023-03-27

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