European markets slump amid emerging-market currency fear
Italian index loses 2.3%
24 January, 19:54
(ANSA) - Milan, January 24 - Markets declined across Europe
on Friday, paced by Milan's FTSE MIB index, as stocks reacted to
the worst sell-off of emerging-market currencies in half a
decade.
Italy's Ftse Mib index closed down 2.3% to 19,358 points.
The yield spread between 10-year Italian bonds and the
German benchmark equivalent, a barometer of Italy's borrowing
costs, closed at 225 points with 10-year yields at 3.9%.The Frankfurt Dax bourse dropped 2.5% to 9,392, while the Paris Cac 40 index fell 2.8% to 4,161 points. Madrid's Ibex index declined 3.6% to 9,868 points and London's Ftse-100 stock market decreased 1.6% to 6,663 points.
