Italy's main financial market
closed higher Tuesday as European stock exchanges followed Wall
Street on what analysts said was investor optimism following
positive business confidence and December US deficit numbers.
The FTSE Mib rose by 1.96% to close at 18,708 points while
on the Italian bond market, the spread between Italy's benchmark
10-year bond and its ultra-safe German counterpart fell to 133.5
basis points.
The spread between lending rates in the two countries is an
important indication of investor faith in the Italian economy.
The yield on Italy's 10-year paper ended Tuesday's
trading at 1.81%.
Shares in Saipem rose by 5.07% during trading, Tod's rose
by 5.16% and Telecom by 4.27%.
On other European markets, Spain's IBEX 35 rose by 1.76%,
the Parisian CAC 40 added 1.66% and Frankfurt's DAX gained 1.74%
while in London, the FTSE index of leading British shares rose
by just 0.66%.
ALL RIGHTS RESERVED © Copyright ANSA
