Italian Government: European Bourses and Ftse Mib

italian government: Reports that Rome was willing to cut its budget deficit from 2.4% of national output to as low as 2% also led to a fall in the interest rate the Italian government pays to borrow on the world's financial markets, according to The Guardian. Italy's main stock market index the FTSE MIB was the best performer of the leading European bourses on a day of across-the-board gains, closing 2.8% higher. On a day when equities rose across the globe, tentative signs of progress in negotiations between the European commission and Italy's populist leaders resulted in the key barometer of the Italian stock market rising by almost 3%. Bank shares seen as particularly vulnerable in the event of a loss of confidence in Italian assets triggered by a prolonged confrontation were up by 5% on Monday. Frankfurt's Dax index rose by 1.45%, while the City's FTSE 100 ended the day up by 1.2% at 7,036. Ever since it came to power in the spring, Italy's coalition government has been on a collision course with the commission over its plans to stimulate growth by running a bigger budget deficit. After sharp falls last week, shares rallied on Wall Street and the Dow Jones industrial average ended Monday trading 1.5% higher amid signs of strong Black Friday spending by American consumers. (news.financializer.com). As reported in the news.