European markets rise on Yellen rate comments

IMG title=”” alt=”” src=”” IMG class=hide alt=”European markets rise on Yellen rate comments” src=”” (ANSA) – Milan, March 20 – Markets gained across Europe on Thursday, paced by Milan’s FTSE Mib index, as stocks reacted to the US Federal Reserve announcement that interest rates could rise some six months after it ends its bond purchases, indicating an expected pickup in economic growth. PItaly’s FTSE Mib gained 0.6% to 21,094 points. The yield spread between 10-year Italian bonds and the German benchmark equivalent, a barometer of Italy’s borrowing costs in the eurozone crisis, closed at 178 points with 10-year yields at 3.4%./PPThe Frankfurt Dax bourse advanced 0.2% to 9,296, while the Paris Cac 40 index gained 0.5%, to 4,328 points. Madrid’s Ibex index jumped 0.1% to 10,082 points./PPLondon’s Ftse-100 stock market fall 0.3% to 6,552 points./PIMG id=mediaViewer title=”” alt=”” src=””ALL RIGHTS RESERVED

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