Venerdì, 19 Ottobre 2018
MILAN

European stock markets rise on U.S. growth optimism

English
© ANSA

Milan, December 6 - Markets rose across Europe on
Thursday on optimism a deal may be reached on the US budget.
The outlook for the world's largest economy became
increasingly positive after 80 members of the US Congress signed
an official request that a stalemate on taxes for the highest-
earning Americans be overcome.
Should this occur, Congress may be able to introduce a
planned budget deal aimed at averting the so-called ''fiscal
cliff'' involving taxes and spending cuts.
Italy's Ftse Mib index bucked the trend as investors shied
away from the Italian stock market amid an impending government
crisis that could lead to the resignation of its technocratic
government.
It fell 0.8% to 15,835 points.
The yield spread between 10-year Italian bonds and the
German benchmark, a barometer of Italy's borrowing costs in the
eurozone crisis, rose to 327 points with 10-year yields at 4.6%
amid concerns about the tensions that could result in Premier
Mario Monti's resignation.
The Frankfurt Dax bourse gained 1.1% to 7,534 , while the
Paris Cac 40 index advanced 0.3% to 3,601 points.
Madrid's Ibex index advanced 0.4% to 7,910 points.
London's Ftse-100 stock market closed up 0.2% to 5,901
points.

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