Lunedì, 24 Settembre 2018

Milan gains, other European markets slide


Milan, January 8 - Italy's leading financial market
showed small gains Tuesday, thanks to a rise in bank stocks,
while most others across Europe continued a slow slide.
The Milan Stock Exchange's FTSE Mib gained 0.33% to close
at 16,961 points, lifted by continued investor interest in banks
Overall, the financial services sector has been on the rise
over news that implementation of some Basel III liquidity
standards have been delayed for four years and other
requirements eased.
Italian banks already meet the Basel III liquidity
requirements, but the easing of rules announced Sunday after a
meeting of regulatory chiefs in Basel, Switzerland, was
generally positive for financial sector stocks.
Meanwhile, the spread between Italy's benchmark 10-year
bond and its ultra-safe German counterpart edged lower to close
Tuesday at 279 basis points, down from Monday's close of 283
basis points.
At close of trading Tuesday, the yield on 10-year Italian
paper stood at 4.29%, just down from 4.34% one day earlier.
In other European markets, Frankfurt's DAX closed lower,
falling by 0.48% to reach 7,695.83 points, while London's FTSE
100 fell by 0.18% to close at 6,053.63 points, Paris's CAC 40
ended the day unchanged at 3,704.64 points, and Spain's IBEX 35
closed 0.40% higher at 8,453 points.

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