Giovedì, 18 Ottobre 2018

Milan bourse leads losses in Europe


Milan, April 3 - The Milan bourse was the worst
performer in Europe on Wednesday and pressure on Italy's
borrowing costs crept upward amid lackluster US data and
political uncertainty in Italy.
The FTSE-Mib lost 2.28% on the day to close at 15,200
The spread between Italian 10-year bonds and the ultra-safe
German bond, a key indicator of Italy's ability to weather the
euro crisis, was 333 basis points after falling to 325 on
The yield was up to 4.61%.
Analysts blamed growing political uncertainty in Italy,
where inconclusive elections in February produced no clear
winner and, more than one month later, parliament has still not
formed a government.
Markets were down across Europe due to a disappointing US
employment report Wednesday that said private business added
158,000 jobs in March, falling short of an expected 200,000.
In Paris, the Cac 40 was down 1.32%, Frankfurt's Dax index
was down 0.87% and London's Ftse-100 was down 1.08%.

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