Arab Today, arab today european markets rise on china expectations spain budget
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

European markets rise on China expectations, Spain budget

Arab Today, arab today

Arab Today, arab today European markets rise on China expectations, Spain budget

Milan - ANSA

Markets advanced across Europe on Thursday, paced by Milan, as stocks were lifted by expectations that China could introduce growth-boosting measures and after Spain announced its 2013 budget. Milan\'s FTSE MIB index rose 0.3% to 15,450 points. The yield spread between 10-year Italian bonds and the German benchmark fell, as investors\' concern about the ongoing debt crisis was pared by expectations of a possible economic recovery. The spread, a barometer of Italy\'s borrowing costs in the eurozone crisis, fell. It closed at 366 points with 10-year yields at 5.1%. The Frankfurt Dax bourse advanced 0.2% to 7,290, while the Paris Cac 40 Index rose 0.7% to 3,439 points. London\'s Ftse-100 stock market 0.2% 5,779 points.  

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