Venerdì, 19 Ottobre 2018

European markets rise on U.S. consumer confidence


Milan, November 1 - Markets jumped across Europe
on Thursday, paced by Milan's FTSE MIB index, as stocks gained
amid soaring US consumer confidence.
Consumer confidence in the world's largest economy rose to
72.4 in October, the highest level since February 2008,
according to data released Thursday.
The positive economic data comes five days ahead of next
Tuesday's general election, which sees incumbent President
Barack Obama pitted against Republican candidate Mitt Romney, at
a time when the economy is high on voters' priorities list.
Data was compiled by the Conference Board, a New
York-based independent economic research organization.
Italy's FTSE Mib index gained 1.5%, lifted by banks like
Unicredit which gained 3%.
Italy's largest investment bank Mediobanca advanced 3.6%
whilst Intesa Sanpaolo rose 2.7%.
The yield spread between 10-year Italian bonds and the
German benchmark was little changed at 347 compared with 348 on
The spread, a barometer of Italy's borrowing costs in the
eurozone crisis, posted 10-year yields at 4.9%.
The Frankfurt Dax bourse rose 1% at 7,336, while the Paris
Cac 40 Index advanced 1.4% to 3,475 points.
Madrid's Ibex index gained 0.6% to 7,886 points.
London's FTSE-100 advanced 1.4% to 5,862 points.

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