Venerdì, 19 Ottobre 2018

Italy, other European markets close slightly higher

English
© ANSA

(ANSA) – Rome, November 6 – Italian and European markets on
Tuesday recovered some of Monday’s losses, closing slightly
higher as investor focus remained on the outcome of the US
elections, likely to be among the closest in history.
In Milan, the FTSE MIB index gained 0.9% to close at
15,683.71, helped by advances in blue chip Fiat, which ended the
day up almost 3%, and by a generally positive performance by
banks, a heavyweight in the index.
Industrial giant Finmeccanica also contributed, with a 2.2%
gain.
Meanwhile, the spread between Italy’s 10-year benchmark
bond and its German counterpart closed at 345 basis points,
slightly lower than Monday’s closing, while the yield on 10-year
Italian paper closing at 4.89%.
The spread is an indicator of investor confidence in the
outlook for Italy’s economy and financial markets.
Earlier Tuesday the Bank of Italy reported the results of
an annual survey which found that up to one third of Italian
companies expect to end 2012 in the red and that employment
levels are likely to decline further.
Across Europe markets were slightly higher with Madrid’s
IBEX 35 closing up 0.24%, Paris’s CAC 40 up 0.87%, Frankfurt’s
DAX up 0.70% and London’s FTSE-100 closing up 0.79%.

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