Sabato, 22 Settembre 2018

European markets decline amid U.S. fiscal cliff concerns


Milan, December 21 - Markets fell across Europe on
Friday, paced by Milan's FTSE MIB index, as investors shied away
from markets after a key vote relating to the upcoming budget
talks was cancelled.
The cancellation of a vote allowing an increase on
high-income taxes means US congress is not slated to vote on the
end-of-year budget for the world's largest economy after the
Christmas festivities. This leaves US authorities little time to
draw up an accord ahead of the $600 billion of tax hikes and
public spending additions that will be automatically executed
from January.
Italy's FTSE MIB index fell 0.4 % to 16,333 points.
The yield spread between 10-year Italian bonds and the
German benchmark state debt, a barometer of Italy's borrowing
costs in the eurozone crisis, closed at 310 points with 10-year
yields at 4.5%.
The Frankfurt Dax bourse dropped 0.4% to 7,640, while the
Paris Cac 40 Index declined 0.2% to 3,661 points.
London's Ftse-100 stock market fell 0.3% to 5,939 points.
Madrid's Ibex index bucked the trend, gaining 0.1% to 8,272

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