Martedì, 16 Ottobre 2018
MILAN

European markets up on U.S. consumer confidence expectations

English
© ANSA

Milan, May 28 - Markets advanced across Europe on
Tuesday, paced by Milan's FTSE-MIB index, amid expectations a
report to be released at 10 am New York time could show May
consumer confidence in the US rose to the highest level in six
months.
Italy's FTSE-MIB index advanced 1.9% to 17,481 points. Fiat
gained 4%, while cement-maker Buzzi gained 4% on the back of buy
recommendations by Ubs analysts.
The banking sector advanced, lifted by lenders such as
Unicredit which increased 2.7% and Intesa Sanpaolo which jumped
2.6%.
The yield spread between 10-year Italian bonds and the
German benchmark equivalent, a barometer of Italy's borrowing
costs in the eurozone crisis, closed at 257 points with 10-year
yields at 4%.
The Frankfurt Dax bourse gained 0.6% to 8,430, while the
Paris Cac 40 Index advanced 0.2% to 4,004 points.
Madrid's Ibex index advanced 0.5% to 8,409 points. London's
Ftse-100 stock market increased 1% to 6,717 points.

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