Lunedì, 24 Settembre 2018
MILAN

European markets edge lower, Italian bond pressure stable

English
© ANSA

Milan, October 22 - European markets mainly lost
ground on Monday, while the Italian spread remained stable.
Milan's FTSE MIB closed flat, edging forward just 0.03% to
close at 15,866 points.
Meanwhile, Frankfurt's DAX lost 0.71%.
Madrid's IBEX index ceded 0.46%.
London's FTSE-100 index fell 0.22%, and Paris's CAC 40
index slipped 0.61%.
Athens was the outlier, rising 2.68%.
The spread between interest rates on Italian and German
bonds closed stable at 314 basis points.
The yield on 10-year Italian bonds was 4.77%.
The spread between Spanish bonds and the German benchmark
closed at 388 basis points.
The yield on Spanish 10-year bonds was 5.49%.
The bond spread is an important gauge of market confidence
in the capacity of Italy and Spain to pay down their huge public
debts.

© Riproduzione riservata

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