Giovedì, 18 Ottobre 2018

European markets fall as ECB holds rates unchanged at 0.5%


Milan, June 6 - Markets fell across Europe on
Thursday, paced by Milan's FTSE MIB index, as stocks declined
following the European Central Bank's decision not to cut
interest rates at its rate-setters' meeting.
Italy's Ftse Mib index fell 2.6% to 16,525 points. The ECB
kept its benchmark interest rate unchanged at a record low of
0.5 percent at its meeting.
The yield spread between 10-year Italian bonds and the
German benchmark equivalent, a barometer of Italy's borrowing
costs in the eurozone crisis, gained to 284 points with 10-year
yields at 4.4%.
The Frankfurt Dax bourse fell 1.2% to 8,098 points, while
the Paris Cac 40 index fell 1 % to 3,3,814 points.
Madrid's Ibex index dropped 0.9% to 8,216 points. London's
Ftse-100 stock market dropped 1.3% to 6,336 points.

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