European markets jump on Fed tapering slowdown moves

IMG title=”” alt=”” src=”http://www.mineralfossil.com/wp-content/uploads/2013/12/wpid-5406dce68ae2d2b360c1f3e2757cf07c.jpg” IMG class=hide alt=”European markets jump on Fed tapering slowdown moves” src=”http://www.mineralfossil.com/wp-content/uploads/2013/12/wpid-5406dce68ae2d2b360c1f3e2757cf07c.jpg” (ANSA) – Milan, December 19 – Markets rose across Europe on Thursday, paced by Milan’s FTSE-Mib index, as stocks celebrated the United States Federal Reserve’s decision on Wednesday to start unwinding the stimulus that Chairman Ben Bernanke had initiated as measures to help kick-start the economy after the economic crisis. Italy’s FTSE-Mib index gained 1.8% to 18,453 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 220 points with 10-year yields at 4.1%. PThe Frankfurt Dax bourse gained 1.7% at 9,147, while the Paris Cac 40 Index advanced 1.6 % to 4,177 points. Madrid’s Ibex index advanced 2.3% to 9,664 points. London’s Ftse-100 stock market was up 1.4% to 6,584 points./PIMG id=mediaViewer title=”” alt=”” src=”http://www.mineralfossil.com/wp-content/uploads/2013/12/wpid-trasp252.gif”ALL RIGHTS RESERVED