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Milan stocks leading European listings at +1.3%

Spread drops to below 200 points, 10-year bond yield 3.67%

12 February, 20:10
Milan stocks leading European listings at +1.3% (ANSA) - Milan, February 12 - Italy's main financial index led other European listings at the end of Wednesday's trading, unfazed by a tense political scene at the domestic level. The FTSE Mib was up by 1.3% to 20,144 points.

It was bolstered, as were other European indexes, by a speech from the new United States Federal Reserve chief Janet Yellen before the US Congress.

Markets were also encouraged by reassuring signals from China's massive economy.

Germany's DAX was up by 0.65% to 9,540 points at the end of the day's trading, France's CAC 40 rose by 0.52% to 4,305.50 and London's FTSE-100 gained 0.04% to 6,675.03. On the Italian bond market, the spread between Italy's benchmark 10-year bond and its ultra-safe German counterpart dropped to just below 200 basis points, with the yield on Italy's 10-year paper ending trading at 3.67%.