Lunedì, 24 Settembre 2018
MILAN

European markets little changed, all eyes on U.S.

English
© ANSA

Milan, December 20 - Markets were little changed
in Europe on Thursday, paced by Milan's FTSE MIB index, as
investors monitored developments in the US fiscal cliff
negotiations.
If US lawmakers don't reach a budget accord by the end of
2012, the world's largest economy will face more than $600
billion of automatic tax increases and spending cuts in January.
A report in the US released on Thursday showed the economy
grew at a 3.1 percent annual rate in the third quarter, at a
higher pace than had been originally reported. US growth
was fuelled by government spending as well as increases in
consumer spending and a narrowing trade gap with international
partners.
Italy's Ftse Mib index gained 0.4% to 16,399 points.
The yield spread between 10-year Italian bonds and the German
benchmark bonds, a barometer of Italy's borrowing costs in the
eurozone crisis, closed at 300 points with 10-year yields at
4.4%.
The Frankfurt Dax bourse gained 0.1% at 7,672, while the
Paris Cac 40 Index was little changed at 3,666 points. Madrid's
Ibex index was flat at 8,279 points. London's Ftse-100 stock
market fell 0.1% to 5,958 points.

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