European markets rise on positive German manufacturing data
Milan leads with a 2.6% gain to 17,309 points22 August, 20:04
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 240 points with 10-year yields at 4.3%.
The Frankfurt Dax bourse advanced 1.4% to 8,397, while the Paris Cac 40 Index jumped 1.1% to 4,059 points.
Madrid's Ibex index advanced 2% to 8,630 points. London's Ftse-100 stock market gained 0.9% to 6,447 points.