Domenica, 21 Ottobre 2018

European markets advance on German business confidence


Milan, November 23 - Markets advanced across Europe
on Friday, paced by Milan's FTSE MIB index, as stocks gained
after business confidence in Germany showed signs of improvement
for the first time in eight months.
Germany's Ifo Institute for Economic Research said its
business-climate index rose to 101.4 in November from 100 in
October, the first increase in eight months.
The index compiles a survey of some 7,000 German
Economists predicted a drop to 99.5, according to the
median estimate of economists in a Bloomberg News survey.
Italy's Ftse Mib index gained 0.5% to 15,635 points.
RCS, the traded media company that owns Italy's largest
newspaper Corriere della Sera, jumped 18% on positive
expectations regarding an upcoming business plan.
The company's board is slated to hold an informal meeting
on Sunday.
The yield spread between 10-year Italian bonds and the
German benchmark, a barometer of Italy's borrowing costs in the
eurozone crisis, closed at 331 points with 10-year yields at
The Frankfurt Dax bourse gained 0.9% at 7,309, while the
Paris Cac 40 Index advanced 0.9% to 3,528 points.
Madrid's Ibex index rose 0.2% to 7,894 points.
London's Ftse-100 stock market advanced 0.5% to 5,819

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