Lunedì, 22 Ottobre 2018

Milan jumps, other European markets rise


Milan, July 18 – The Milan stock exchange took a
leap Thursday, leading its European counterparts, which also
showed sizable gains in trading.
Milan's benchmark FTSE-Mib index rose 2.2% to close at
16,053 points, as European investors took heart from healthy
economic data in the United States and reassurances that the US
Federal Reserve won't rush to wind down its stimulative
bond-purchase program.
At the same time, the Federal Reserve Bank of
Philadelphia's index of manufacturing activity in its region
surged 7.3 to 19.8 in July, the best reading since March 2011.
Meanwhile, the spread between Italy's 10-year bond and its
German counterpart closed at 289 basis points, down from the 295
basis points Wednesday.
The yield on Italian 10-year paper closed at 4.40%, down
from Wednesday's 4.47%.
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 1.0%,
closing at 8,337.09 points, Paris's CAC 40 rose by 1.40%,
closing at 3,927.79 points, Spain's IBEX 35 rose by 1.85% to
close at 7,957.30 points, and London's FTSE 100 jumped by 0.95%
to end trading at 6,634.36.

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