Domenica, 23 Settembre 2018

Milan, other European markets close on positive note


Milan, July 1 - Milan's leading financial market,
like the rest of its European counterparts, showed strong gains
The FTSE-Mib rose by 1.45% to reach 15,459 points as
investors showed their enthusiasm for stronger-than-expected
economic data in Spain.
Spain's manufacturing purchasing managers' index (PMI) rose
to 50.0 in June, the highest level in two years, up from 48.1 in
May and above expectations for a 48.5 result.
That helped to offset investor disappointment with
continued high unemployment in Italy.
The jobless rate reached 12.2% in May, the highest level
since the current reporting system was implemented in the first
quarter of 1977, the national statistics agency said Monday.
The spread between Italy's 10-year bond and its German
counterpart closed at 269 basis points while the yield on
Italian 10-year paper also remained stable, closing at 4.41%.
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.
On other European markets, Frankfurt's DAX gained 0.31%,
closing at 7,983.92 points, Paris's CAC 40 rose by 0.76%,
closing at 3,767.48 points, Spain's IBEX 35 soared by 1.86% to
close at 7,907.10 points, and London's FTSE 100 rose by 1.49% to
end trading at 6,307.78.

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