Venerdì, 21 Settembre 2018

European markets surge on Draghi's monetary policy comments


Milan, July 4 - Markets advanced across Europe on
Thursday, paced by Milan's FTSE-Mib index, as stocks reacted to
comments made by European Central Bank chief Mario Draghi, who
indicated the ECB plans to maintain an accommodating monetary
policy going forward.
Draghi, who was speaking at a press conference at the
central bank's headquarters in Frankfurt, said he expected
interest rates to remain at their current levels, or even at
lower ones, for as long as necessary.
Milan's FTSE-Mib index gained 3.4% to close at 15,800
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 274 points with 10-year
yields at 4.4%.
The Frankfurt Dax bourse gained 2.1% to close at 7,994
points, while the Paris Cac 40 Index advanced 2.9% to 3,809
Madrid's Ibex index gained 3% to close at 8,002 points.
London's Ftse-100 stock market advanced 3% to 6,421 points.

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