(ANSA) – Milan, November 18 – The Milan stock exchange posted significant gains Monday after European Central Bank Executive Board Member Yves Mersch said sovereign debt held by banks will be considered zero-risk in the ECB’s Asset Quality Review of European lenders in 2014.
Mersch, who is helping oversee the ECB’s preparations to become the eurozone’s sole bank supervisor, made the comments at a conference in Frankfurt today.
The FTSE-Mib Index roared up 2.24% to close at 19,105 points as the FTSE All Share jumped 2.14% to end the trading day at 20,314. In Madrid, the IBEX Index advanced by 0.9% to close at 9,783.10 points and in Paris, the CAC-40 Index added 0.66% to end at 4,320.68 points.
The Frankfurt stock exchange posted a record high, its DAX Index rising by 0.62% to close at 9,225.43 points.
London also had a positive trading day, with the FTSE-100 Index adding 0.45% to end at 6,723.46 points. In Athens, the ATHEX Index bucked the trend, losing 0.69% to close at 1,141.33 points.
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Milan bourse roars up 2.24% on comments by ECB’s Mersch
Mersch, who is helping oversee the ECB’s preparations to become the eurozone’s sole bank supervisor, made the comments at a conference in Frankfurt today.
The FTSE-Mib Index roared up 2.24% to close at 19,105 points as the FTSE All Share jumped 2.14% to end the trading day at 20,314. In Madrid, the IBEX Index advanced by 0.9% to close at 9,783.10 points and in Paris, the CAC-40 Index added 0.66% to end at 4,320.68 points.
The Frankfurt stock exchange posted a record high, its DAX Index rising by 0.62% to close at 9,225.43 points.
London also had a positive trading day, with the FTSE-100 Index adding 0.45% to end at 6,723.46 points. In Athens, the ATHEX Index bucked the trend, losing 0.69% to close at 1,141.33 points.
View the original article here