Europe: Equities subdued
LONDON: European stocks steadied yesterday as investors paused after last week’s gains and mulled news that French state-controlled energy giant EDF had won a huge contract to build a British nuclear plant.
In afternoon deals, London’s benchmark FTSE 100 index climbed 0.22 per cent to 6,636.85 points.
Frankfurt’s DAX 30 eased 0.04 per cent to 8,861.59 points and Paris’ CAC 40 index retreated 0.24 per cent to 4,275.66 compared with Friday’s closing levels.
“The FTSE 100 is up ... as traders ease back into the swing of things now that the spectre of US default has been avoided,” said analyst Alastair McCaig at trading firm IG. EDF has clinched a deal worth £16 billion to build Britain’s first new nuclear plant for a generation, with Chinese backing. AFP