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European markets continue rising on US tapering announcement

Milan, Paris, London, Frankfurt and Madrid all post gains

20 December, 19:40
European markets continue rising on US tapering announcement (ANSA) - Milan, December 20 - Markets advanced across Europe on Friday, paced by Milan's FTSE-Mib index, as stocks continued rising in the wake of the United States Federal Reserve's decision on Wednesday to start unwinding the stimulus that Chairman Ben Bernanke had initiated as measures to help kick-start the economy after the economic crisis. Italy's FTSE-Mib index gained 0.6% to 18,565 points. 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 224 points with 10-year yields at 4.1%.

The Frankfurt Dax bourse climbed up to 9,400, while the Paris Cac 40 Index advanced 0.4% to 4,193 points. Madrid's Ibex index was up 0.3% to 9,689 points. London's Ftse-100 stock market was also up 0.3%, to 6,606 points.

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