European shares advance

P(ANSA) – Milan, April 22 – European shares advanced Tuesday as positive existing home sales in the US drove Wall Street higher at the opening and April European consumer confidence rose higher than expected, adding 0.6% to -8.7% in the eurozone and 0.8% to -5.8% in the European Union. In Milan, the FTSE-Mib index added 1.49% to close at 21,935 points while the FTSE All Share rose by 1.45% to end at 23,376 points, making it the second-best-performing European stock market after Frankfurt.BRThe spread between Italy’s benchmark 10-year bond and its ultra-safe German counterpart fell to 155 basis points, with the yield on Italy’s 10-year paper ending trading at 3.096%.BRThe spread between lending rates in the two countries is an important indication of investor faith in the Italian economy.BRIn Madrid, the IBEX index added 1.41% to close at 10,437.80 points, while the Frankfurt DAX added 2% to end at 9,600.09 points.BRThe Parisian CAC-40 index closed up 1.18% at 4,484.21 points, and the London FTSE-100 index added 0.85% to end at 6,681.76 points.BR/P
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