Venerdì, 19 Ottobre 2018
MILAN

Markets soar across Europe on Federal Reserve stimulus plan

English
© ANSA

(ANSA) - Milan, September 14 - Markets soared across Europe
on Friday to the highest levels in more than a year, paced by
Milan's FTSE MIB index, after the Federal Reserve said it would
buy assets such as mortgage-backed securities to boost growth in
the US, the world's largest economy.
The Milan bourse jumped 2.3% to 16,624 points, as Madrid's
Ibex index rose 2.8% to 8,155 points.
The German Dax index climbed 1.4% to 7,412 points, while
France’s Cac 40 index advanced 2.3% to 3,581 points.
The Ftse-100 index in London gained 1.6% to 5,916 points.
The spread, a barometer of Italy's borrowing costs in the
eurozone crisis, fell to 331 basis points compared to Thursday's
345 points, with Italian yields levelling at 5%.
The spread is a relative barometer of a nation's borrowing
borrowing costs generally compared to German ones that is being
closely followed by analysts in the eurozone crisis.
Finance ministers and central bank representatives of the
17-nation eurozone on Friday started a two-day meeting in Cyprus
to discuss the outlook and banking union in the region.
EU Economic Affairs Commissioner Olli Rehn said the
commission would release its economic forecasts for Europe in
early November, adding that he expected the recovery to start
nest year.
Even so, he said the area was still "subject to risks".
Rehn spoke to reporters at the end Friday’s Ecofin meeting.
The short-sale ban imposed by the Italian stock market
watchdog Consob earlier this year amid the economic crisis that
had engulfed stock markets across Europe ended on Friday.
Consob said it would continue to "systematically monitor"
the situation.

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