European markets rise on spate of positive economic data

Milan, London, Frankfurt, Paris gain, Madrid bucks trend

European markets rise on spate of positive economic data

Milan, May 10 - Markets gained across Europe on Thursday, paced by Milan's FTSE-Mib index, as stocks benefited from a spate of positive economic data released on Friday as well as earlier this week. German data showed local industrial production gained 1.2% in March, while exports for Europe's largest economy increased 0.5%. UK industrial in the period increased 0.7%, a report on Thursday showed. Chinese exports in the period gained 14.7%, fuelling growth in the world's second-largest economy. Milan's FTSE-Mib index gained 1.1% to 17,284 points. 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 down at 255 points with 10-year yields at 3.9%. The Frankfurt Dax bourse advanced 0.2% %to 8,278, while the Paris Cac 40 Index gained 0.6% to 3,953 points. London's Ftse-100 stock market advanced 0.5% to 6,624 points. Madrid's Ibex index bucked the trend, dropping 0.3% to 8,544 points.

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