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European stocks mixed at open
LONDON : European stock markets were mixed at the start of trading on Monday after heavy falls in Asia and efforts to bo
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LONDON: European stock markets were mixed at the start of trading on Monday after heavy falls in Asia and efforts to bolster global economic stability in the face of US and European debt crises.
London's benchmark FTSE 100 index shed 1.15 percent, Frankfurt's DAX 30 lost 1.0 percent and in Paris the CAC 40 gave up 0.74 percent.
However, Madrid rallied 1.26 percent and Milan jumped 3.0 percent moments after the start of trade, as the European Central Bank signalled it would buy hard-hit Spanish and Italian bonds.
The G7 grouping of leading economies vowed action to provide financial stability after stock markets plunged last week on mounting eurozone debt strains and weakening US growth.
Copyright AFP (Agence France-Presse), 2011
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