Giovedì, 20 Settembre 2018

European markets edge higher on improved investor sentiment


Milan, May 14 - European stocks ended higher
Tuesday, reversing earlier losses, boosted by gains on Wall
Street and by a positive eurozone economic indicator.
US markets moved up, boosting European shares, after top
hedge fund manager David Tepper said in a television interview
that he was "definitely bullish" on stocks and that "every place
is the place to be in stock markets around the world".
Meanwhile, eurozone industrial production gained 1% in
March on February, helping to lift investor confidence.
Leading Europe's gainers Tuesday were Italy's FTSE-MIB, up
0.84% at 17,315.25, followed by the UK's FTSE 100, which closed
up 0.82% at 6,686.1.
Germany's DAX gained 0.7%, to close at 8,339.1, followed by
France's CAC 40, up 0.53% at 3,966.1.
Spain's IBEX edged up 0.2% to close at 8,474.6.
Milan shares were boosted by Intesa Sanpaolo, which gained
1.9% after reporting better-than-expected quarterly results, and
UBI, which also ended up 1.9% helped by positive earnings.
Other gainers include luxury goods maker Salvatore
Ferragamo, whose shares closed 2.94% higher after it published
strong quarterly results, as well as auto giant Fiat, up 2.38%,
following broader gains in the European auto sector.
Italy continued to benefit from a reduction perceived
investor risk Tuesday.
The spread between the country's benchmark 10-year
government bonds and their German counterparts ended the day at
264 basis points, up from Monday's close of 262 basis points.

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