Sabato, 20 Ottobre 2018

European stock exchanges, including Italy, little changed


Milan, January 15 - Italy's leading stock market
showed small gains on Tuesday, despite negative economic news,
while results were uneven on other European markets.
On the Milan Stock Exchange, the FTSE Mib closed 0.44%
higher on the day to reach 17,467 points.
Investors were mulling over dismal news from the United
States, where debate continues over its debt ceiling, and
reported weakness in Germany, Europe's largest economy.
Germany's statistics office said Tuesday that during the
final quarter of 2012, the economy shrank more than at any time
in the past three years.
In the US, new fears are rising that a deadlock in debate
over its debt ceiling could lead to a default by spring in the
world's largest economy.
Meanwhile the spread between Italy's benchmark 10-year bond
and its ultra-safe German counterpart closed up at 271 basis
points with the yield on 10-year Italian paper at 4.20%.
In other European markets, Frankfurt's DAX dropped by 0.69%
to reach 7,675.91 points, while London's FTSE 100 gained 0.15%
to close at 6,117.31 points, Paris's CAC 40 ended the day down
by 0.29% to 3,697.35 points, and Spain's IBEX 35 closed trading
0.36% lower at 8,601.10 points.

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