Europe markets mixed, Milan's FTSE MIB leads gainers

Paris Cac 40, Madrid Ibex and London Ftse-100 all decline

Europe markets mixed, Milan's FTSE MIB leads gainers

Milan, September 9 - Markets were mixed across Europe on Monday, as the Milan FTSE MIB index advanced and others like the Paris Cac 40, the Madrid Ibex and the London Ftse-100 declined. Italy's FTSE MIB index rose 1.2% to 17,244 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 256 points with 10-year yields at 4.5%. The yield on 10-year Italian bonds and their Spanish equivalent hit the same levels on Monday for the first time in 17 months, according to Bloomberg data. For the first time in approximately a year-and-a-half, in fact, investors demanded the same yield to hold on to securities of both nations. Both securities posted yields of about 4.5%, a sign that investor confidence in Spanish bonds is equivalent to that in Italian ones. The Frankfurt Dax bourse was little changed at 8,276, while the Paris Cac 40 Index fell 0.2% to 4,040 points. Madrid's Ibex index dropped 0.3% to 8,632 points. London's Ftse-100 stock market fell 0.3% to 6,530 points.

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