European stocks little changed as ECB keeps rates on hold

Bank of England also keeps rates unchanged at meeting

European stocks little changed as ECB keeps rates on hold

(ANSA) - Milan, October 4 - Markets across Europe including Milan’s FTSE MIB index were little changed on Thursday after the European Central Bank kept its benchmark interest rates on hold at 0.75%. The Bank of England also left its benchmark interest rates unchanged at a meeting today. ECB president Mario Draghi confirmed the intent of the Central Bank he heads to start buying euro member states’ government bonds as part of a wider plan to support the region’s economies and the life of the single currency. Italy's Ftse Mib index fell 0.2% to 15,511 points. The spread between 10-year Italian bonds and the German benchmark rose, amid investor concern about economic growth in the 17-member euro region. The spread, a barometer of Italy's borrowing costs in the eurozone crisis, closed at 365 points with 10-year yields at 5.1%. The Frankfurt Dax bourse dropped 0.2% to 7,305, while the Paris Cac 40 Index fell 0.1% to 3,401 points. Madrid's Ibex index contracted 0.2% to 7,812 points. London's Ftse-100 stock market was unchanged at 5,827 points.

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