Italian Market Blasts Higher After LTRO Announcement

It’s not instantly obvious whether the LTRO number was “good.”

The 529 billion Euro take-up was basically right in line with expectations.

The euro has dropped a bit.

But in a key market, Italy, the news is being greeted with cheers.

The Italian 10-year has dropped below 5.30 per cent, and the FTSE MIB stock index is up 1.25 per cent, having spiked a bit extra in just the last few minutes.

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Photo: Borsa Italiana

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