Mercoledì, 26 Settembre 2018
MILAN

European markets drop amid U.S. growth concern

English
© ANSA

Milan, November 9 - Markets fell across Europe on
Friday, paced by Milan's FTSE Mib index, as many indexes across
the continent were dragged down amid concern about US economic
growth.
Italy's Ftse Mib index fell 0.1% to 15,181 points.
A research document released by the U.S. Congressional
Budget Office late Thursday said that if newly elected President
Barack Obama failed to address the fiscal cliff, the economy
would fall into recession in the first six months of 2013.
The president, who was re-elected on Tuesday, has said his
priority is that of tackling the "fiscal cliff", or the cutting
of public spending and the increase of taxes, in late 2012 and
early 2013.
The yield spread between 10-year Italian bonds and the
German benchmark closed at 362 points.
The spread is a barometer of Italy's borrowing costs in the
eurozone crisis.
Ten-year yields closed at 5%.
The Frankfurt Dax bourse fell 0.6% to 7,164 , while
London's Ftse-100 stock market fell 0.1% to 5,769 points.
Madrid's Ibex index bucked the trend, closing up 0.2% at
7,636 points, while the Paris Cac 40 Index rose 0.5% to 3,423
points.

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