European markets rise on IMF outlook for US growth
Better U.S. forecast likely over budget deal, rising employment23 December, 19:48
IMF Managing Director Christine Lagarde said in an interview with NBC that the agency will increase its US economic growth forecasts amid a budget deal and falling unemployment. The IMF usually releases its forecasts in January.
As a result, Italy's Ftse Mib index gained 0.7% to close at 18,697 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 229 points with Italian 10-year yields at 4.2%.
The Frankfurt Dax bourse rose 0.9% to 9,488 points, while the Paris Cac 40 Index jumped 0.5% to 4,215 points. Madrid's Ibex index advanced 0.7% to 9,758 points and London's Ftse-100 stock market increased 1.1% to 6,678 points.