Milan

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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