Sabato, 22 Settembre 2018

European stocks fall on concern over U.S. budget


Milan, December 13 - Markets were weighed down
across Europe on Thursday amid concern over US economic growth.
Federal Reserve Chairman Ben S. Bernanke said the US plan
to buy back some $45 billion a month of state debt would not
offset the effects of the fiscal cliff, the more than $600
billion package of spending cuts and tax hikes that could come
into effect in coming months if no federal budget agreement is
The Frankfurt Dax bourse fell 0.4% to 7,581 , while the
Paris Cac 40 Index declined 0.1% to 3,643 points.
London's Ftse-100 stock market fell 0.4 % 5,929 points.
Italy's Ftse Mib index bucked the trend, rising 0.6% to
15,866 points.
The yield spread, a barometer of Italy's borrowing costs in
the eurozone crisis, closed at 330 points with 10-year yields at
Moody's rating agency earlier in the day said the political
turmoil Italy has endured over the last week will have a
"limited" impact on its credit rating.
Premier Mario Monti at the weekend said he would resign
from the helm an emergency technocrat government when the 2013
budget is approved after the People of Freedom (PdL) party of
his predecessor Silvio Berlusconi withdrew its support.
Berlusconi had said he would run for a fourth term as
premier on Saturday but made a partial change of position on
Wednesday, saying he would not stand if Monti agreed to head a
new conservative coalition at February elections.
Madrid's Ibex index also advanced 0.4% to 8,017 points.

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