European markets advance, paced by Milan

Spread between Italian-German 10-yr bonds closes at 277

European markets advance, paced by Milan

Milan, June 14 - Markets advanced across Europe on Friday, paced by Milan's FTSE-Mib index. The Milan bourse advanced 0.2% to 16,152 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 at 277 points with 10-year yields at 4.3%. The Frankfurt Dax bourse gained 0.4% to 8,127, while the Paris Cac 40 Index advanced 0.2% to 3,805 points. Madrid's Ibex index was little changed at 8,070 points, as was London's FTSE-100 stock market which closed at 6,308 points.

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