Sabato, 22 Settembre 2018
MILAN

Milan stock market posts gains

English
© ANSA

Milan, July 24 - The Milan stock exchange gained
more than 1% on Wednesday while Madrid's key market reported a
sharp rise amid strong eurozone economic figures.
Milan's FTSE-Mib rose by 1.26% to close at 16,442 points as
financial information company Markit said its monthly purchasing
managers' index, a broad gauge of economic activity in the
eurozone, rose for the fourth straight month.
The index climbed to 50.4 points in July from 48.7 in June,
a better-than-anticipated result.
That has boosted hope that the eurozone economy is growing
again and could signal that the region is moving out of
recession.
The survey is closely watched as a reliable indicator of
trends of business activity.
Meanwhile, the spread between Italy's 10-year bond and its
German counterpart fell to 274 basis points, down from the 282
basis points reported on Tuesday.
The yield on Italian 10-year paper closed at 4.37%, little
changed from Tuesday's closing yield of 4.36%.
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 rose by 0.78% on
the day, closing at 8,379.11 points, Paris's CAC 40 gained 1.0%,
closing at 3,962.75 points, Spain's IBEX 35 jumped by 1.47% to
close at 8,192.50 points, and London's FTSE 100 rose by 0.35% to
end trading at 6,620.43.

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