Around the World's Markets: Milan

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The Independent Online
SHARES IN Italy closed lower after a volatile day's trading which saw some stocks suspended because of excessive gains. The Mib30 index of leading shares slipped 1.65 per cent to 36,606.

Weekend news of two giant banking mergers initially pushed shares higher. Banca di Roma closed 7.88 per cent up while San Paolo fell 5.31 per cent. BCI closed up 5 per cent while UniCredito fell by the same amount.