Martedì, 16 Ottobre 2018

European markets hold their ground, Italy's spread at 481


(ANSA) - Rome, July 17 - European stock markets almost all
held their ground Tuesday, despite comments by United States
Federal Reserve Chairman Ben Bernanke to the Senate banking
committee casting doubt on the continent's prospects.
The Europe-wide Stoxx 600 index edged ever so slightly
upward, while the Madrid borse leaped 1.37% on news that Spanish
bonds were fully subscribed.
Paris and Frankfurt rose more than half a percent.
The only markets to fall in Europe were London, down
-0.26%, and Milan, down -0.14%.
In Milan, banks were the big losers, with BPM and MPS
ceding more than 2%, and Mediobanca dropping nearly 2%.
After falling just under 480 points during the day, the
spread between Italian and German bonds closed at 481 basis
points with a yield on Italian ten-year bonds at 6.01% Tuesday.
The Bank of Italy said Tuesday that Italy's GDP would
contract 2% in 2012, and 0.2% in 2013, assuming the spread
averaged 450 points.
Spanish bonds closed Tuesday with a 550 point difference
from the German benchmark, with 10-year Spanish bonds yielding

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