Venerdì, 21 Settembre 2018

Milan, other European stock markets, uneven at midweek


Milan, January 16 - Italy's leading stock market
slid on Wednesday while results were uneven on other European
On the Milan Stock Exchange, the FTSE Mib closed 0.73%
lower in trading, to end the day at 17,339 points.
Analysts blamed profit-taking for some of the losses in
Milan and other European markets.
Investors were also mulling over troubling new
international statistics after the World Bank cut its global
growth forecast for 2013 to 2.4% from the June forecast of 3%
It blamed the reduction on the effects of austerity
measures, high unemployment, and low business confidence in
developed nations.
Meanwhile the spread between Italy's benchmark 10-year bond
and its ultra-safe German counterpart closed at 261 basis
points, down by a full 10 basis points from the previous day's
The yield on 10-year Italian paper stood at 4.18%, down
slightly from the 4.20% at Tuesday's close.
In other European markets, Frankfurt's DAX gained 0.20% to
reach 7,691.13 points, while London's FTSE 100 fell by 0.22% to
close at 6,103.98 points, Paris's CAC 40 ended the day 0.30%
higher at 3,708.49 points, and Spain's IBEX 35 closed trading
0.23% lower at 8,561.10 points.

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