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Milan
22 Gennaio 2016
Milan, January 22 - The Milan stock exchange made more gains on Friday amid bullish trading on the European markets after reassurances from European Central Bank President Mario Draghi on Thursday. Milan's FTSE Mib index was up 1.78% in early trading on Friday, after closing up 4.2% on Thursday to recoup some of the heavily losses suffered earlier in the week. The shares of some Italian banks that had been the centre of concerns about the number of non-performing loans they are laden with performed well again on Friday after registering big rises on Thursday. Leading the way was troubled lender Monte dei Paschi di Siena, which was up 9.11% On Thursday Draghi said the ECB's interest rates will stay long for a long time and that the bank is ready to do everything possible to lift eurozone inflation towards its target of slightly under 2%.
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