Milan

European markets little changed despite china data

Milan's FTSE MIB index down 0.2%

European markets little changed despite china data

Milan, January 18 - Markets were little changed across Europe on Friday, with Milan's FTSE MIB index dropping 0.2%. Data released on Friday on the Chinese economy showed gross domestic product advanced 7.9% in the last four months of 2012 from the year-earlier period, the National Bureau of Statistics said in Beijing. Italy's Ftse MIB index fell 0.2% to 17,554 points. The yield spread between 10-year Italian bonds and the German benchmark bund, a barometer of Italy's borrowing costs in the eurozone crisis, closed at 261 points with 10-year yields at 4.2%. The Frankfurt Dax bourse fell 0.4% at 7,702 points, while the Paris Cac 40 Index fell 0.1% to 3,741 points. Madrid's Ibex index closed down 0.3 % to 8,604 points. London's FTSE-100 stock market advanced 0.4% to 6,154 points.

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