Lunedì, 22 Ottobre 2018

Italian, German bond spread narrows to 293 basis points


Milan, June 25 - Milan's leading financial market,
like most of its European counterparts, was on a tear Wednesday
with strong gains across the board.
The FTSE-Mib jumped by 2.03% to close at 15,362.88 points
as investors across Europe were buoyed by better-than-expected
economic news on consumer confidence in Germany.
Data released Wednesday showed German consumer optimism hit
a six-year high, as a strong labour market and rising wages lift
the prospects for household income prospects and their economic
Meanwhile, the spread between Italy's 10-year bond and its
German counterpart closed at 293 basis points, down slightly
from Tuesday's close of 306 basis points.
The spread between lending rates in the two countries is
seen as an indication of investor faith in the Italian economy
and its ability to cope with a lingering recession.
The yield on Italian 10-year paper closed at 4.69%, down
from Tuesday's close of 4.85%.
On other European markets, Frankfurt's DAX jumped by 1.66%,
closing at 7,940.99 points, Paris's CAC 40 climbed by 2%,
closing at 3,726.05 points, Spain's IBEX 35 jumped by a
remarkable 2.83% to close at 7,823 points, and London's FTSE 100
rose by 1.04% to end trading at 6,165.48.

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