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Milan stock index falls sharply while bond yields rise, with investors predicting more volatility ahead
Italian stocks and bonds fell sharply Friday as investors expressed concern about the fiscal stability of a country that is continuing to weigh down European markets.
Investors are bracing for further volatility ahead of an October budget from Italy’s antiestablishment coalition government, which has pledged spending and tax cuts that some fear could put the country’s debt on an unsustainable course.