Europe: Mostly down
LONDON: European stock markets fell but the euro soared against the US dollar yesterday as Italy averted a political crisis and the European Central Bank (ECB) central bank signalled more efforts to boost recovery in the eurozone.
London's FTSE 100 index fell 0.57 per cent to stand at 6,423.44 points in afternoon deals. Supermarket group Tesco topped the fallers board after Britain's biggest retailer revealed that first-half profits slumped by a third.
The CAC 40 in Paris sank 1.00 per cent to 4,154.75 points and Frankfurt's DAX 30 dipped 0.60 per cent to 8,637.43 points.
Dealers remained cautious despite new assurances by the ECB that it was prepared to use all means at its disposal to curb any rise in money market interest rates. AFP