Milan

European markets rise on positive U.S. jobless data

Italian, German spread closes at lowest levels since mid-2012

European markets rise on positive U.S. jobless data

Milan, January 4 - Markets advanced across Europe on Friday, paced by Milan's Ftse Mib index, as stocks jumped after US jobs data showed the world's largest economy continued adding new workers to payrolls in December. US employers workers last month at the same pace as in November, with the unemployment rate keeping at a four-year low, according to Labor Department figures released on Friday. Payrolls increased by 155,000 in December. Italy's Ftse Mib index gained 0.3% to close at 16,959 points. The yield spread between 10-year Italian bonds and the German benchmark bund, an important barometer of Italian borrowing costs during the eurozone crisis, fell to as low as 270 points Friday before closing at 273, the lowest level since mid-2012. Italian 10-year yields were trading at 4.3%, with German bund yields at 1.6%. The Frankfurt Dax bourse advanced 0.3% to 7,776 points, while the Paris Cac 40 Index was little changed at 3,722 points. Madrid's Ibex index was also little changed at 8,409 points. London's Ftse-100 stock market gained 0.7% 6,089 points.

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