Venerdì, 21 Settembre 2018
MILAN

European financial markets uneasy at close, watching for Fed

English
© ANSA

Milan, December 12 - Milan joined other European
financial markets in showing modest gains Wednesday, as
investors waited for word from the United States Federal Reserve
on its future actions.
The Fed's Open Market Committee did not conclude its
regular two-day meeting, where a decision on further stimulus
was expected, until after European markets closed.
However, its decision to leave its key interest rates
unchanged at between 0 and 0.25%, and a promise to keep rates
"exceptionally low" until the unemployment rate drops below
6.5%, is likely to give markets a boost at Thursday's opening.
The Fed also promised to continue efforts to revive the
economy in the new year by continuing its monthly purchases of
$85 billion in Treasury bonds and mortgage-backed securities.
Such efforts to support the massive American economy will
be seen as good news for global markets.
In cautious anticipation, on the Milan Stock Exchange the
FTSE Mib gained 1.14% to close at 15,764 points.
And the spread between Italy's benchmark 10-year bond and
its German counterpart closed lower Wednesday at 330 basis
points, 10 points below Tuesday's close of 340 basis points.
That suggests some stability in bond markets, where the
spread indicates investor confidence in the outlook for the
Italian economy.
The yield on Italy's 10-year paper was 4.64%, down from the
4.72% that investors demanded one day earlier.
The spread between 10-year Spanish bonds and those in
Germany ended the day at 402 basis points, with a rate of 5.36%
on Spanish 10-year paper.
In other European markets, Frankfurt's DAX ended the day
0.33% higher at 7,614.79 points, while London's FTSE 100 also
closed trading slightly higher by 0.35% at 5,945.85 points,
Paris's CAC 40 was unchanged at 3,646.15 points and Spain's IBEX
35 ended the day 0.83% higher at 7,986.980 points.

© Riproduzione riservata

* Campi obbligatori

Immagine non superiore a 5Mb (Formati permessi: JPG, JPEG, PNG)
Video non superiore a 10Mb (Formati permessi: MP4, MOV, M4V)

X
ACCEDI

Accedi con il tuo account Facebook

Login con

Login con Facebook
  • Seguici su
X