European shares advance as Milan closes up 1.03%
Spread ends day at four-year low of 170 basis points01 April, 20:13
The FTSE Mib is the fourth best-performing stock exchange worldwide since the beginning of 2014 and has risen 14% in the first quarter, according to the Il Sole 24 Ore financial paper.
The spread between Italy's benchmark 10-year bond and its ultra-safe German counterpart closed at 169.80 basis points, the lowest since January 2011, while the yield on Italy's 10-year paper ended the trading day at 3.29%.
The spread is a key measure of Italy's borrowing costs and of investor confidence in the country.
Elsewhere in Europe, Madrid's IBEX 35 index advanced 1.19% to end at 10,463.10 points, while the CAC 40 index in Paris added 0.80% to close at 4,426.72 points and the Frankfurt DAX index rose by 0.50% to end trading at 9,603.71 points.
In London, the FTSE-100 index closed up 0.82% at 6,652.61 points while in the Greek capital, the ATHEX index added 0.52% to close at 1,342.75 points.