Milan

Europe markets mixed, Frankfurt gains as Paris declines

Milan slumps, dragged down by Snam's 5.1% drop after Eni sale

Europe markets mixed, Frankfurt gains as Paris declines

Milan, May 9 - Markets were mixed across Europe on Thursday, as Milan's FTSE MIB index drew close to declining under a 17,000 point threshold after Italian oil company Eni sold an 11.7% stake in natural-gas network Snam. Italy's Ftse Mib index dropped 1% to 17,090 points. Snam slumped 5.1% after Eni sold an 11.7% holding in the company for 1.5 billion euros. The yield spread between 10-year Italian bonds and the German benchmark equivalent, a barometer of Italy's borrowing costs in the eurozone crisis, closed at 261 points with 10-year yields at 3.9%. The Frankfurt Dax bourse advanced 0.2% to 8,262 points, while the Paris Cac 40 Index slumped 0.7% to 3,928 points. Madrid's Ibex index declined 0.3 % to 8,572 points. London's Ftse-100 stock market increased 0.1% to 6,592 points.

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