Italy's leading financial index rises during trading Tuesday
Spread between Italian, German bonds steady at 200 basis points11 February, 20:01
The FTSE Mib ended the trading day significantly higher, rising by 1.04% to close at 19,887 points, as markets drew comfort from the first public comments by the new United States Federal Reserve head Janet Yellen.
She reassured markets of a continuity in the Fed's monetary policy as she takes over its leadership from former Fed chairman Ben Bernanke.
On the Italian bond market, the spread between Italy's benchmark 10-year bond and its ultra-safe German counterpart closed at 200 basis points with the yield on Italy's 10-year paper ending trading at 3.68%.
The spread between lending rates in the two countries is an important indication of investor faith in the Italian economy.
On other European markets, Spain's IBEX 35 rose by 1.09%, closing at 10,091.20 and Frankfurt's DAX jumped by 2.03%, closing at 9,478.77 points.
In Paris, the CAC 40 gained 1.09%, ending trading at 4,283.32 points, while in London, the FTSE index of leading British shares jumped by 1.23% on the day, closing at 6,672.66.