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Market Update: Milan Stocks Bounce Back on Monday
The FTSE MIB attempted to rebound at the start of the week, in line with its European peers, after Italian stocks tumbled to an over 2-week low last Friday amid a broad selloff triggered by hawkish remarks by the St. Louis Fed President. Prysmian led the gains in Italy after the company won a USD 900 million contract for a renewable energy supply project in the US. Meanwhile, CNH Industrial sat among the worst performers in the key Italian stock index after signing an agreement for the acquisition of Raven Industries at an enterprise value of USD 2.1 billion. [/s2If]
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