Europe Roundup: Markets jittery
LONDON: European stocks wobbled yesterday as jitters over the US budget showdown offset news that President Barack Obama will nominate Janet Yellen to replace US Federal Reserve chief Ben Bernanke.
In afternoon deals, London's benchmark FTSE 100 slid by 0.09 per cent to 6,360.07 points, with sentiment hit by weak industrial output data. Frankfurt's DAX 30 advanced 0.14 per cent to 8,568.19 points, the CAC 40 in Paris gained 0.38 per cent to 4,149.14 and Italy's FTSE MIB looks set to rise three per cent by the end of this year reaching 18,925.
Meanwhile, the eurozone's Euro Stoxx 50 index is likely to rise four per cent by the end of 2013 and further to 3,125 and 3,253 by the middle and the end of 2014, respectively. Agencies