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Europe Markets: Spain, Italy lead European stocks higher as they get ready for new governments

Italian and Spanish stocks jumped on Friday, leading the broader European equities higher, as both countries ushered in new governments after a week when Italian political uncertainty rocked global markets.

Stocks held to gains after the release of the closely watched monthly jobs report from the U.S., which beat expectations.

How markets were performing

Italy’s FTSE MIB index I945, +1.49% jumped 1.5% to close at 22,109.55. In the fixed-income market, the country’s 2-year bond yield TMBMKIT-02Y, +0.79% fell 27 basis points to 0.933%, according to Tradeweb, in a tumultuous week for the Italian debt market.

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