Europe: Bourses steady
LONDON: European equity markets steadied yesterday as cautious investors paused after a Fed-inspired rally and ahead of weekend elections in eurozone powerhouse Germany.
London's FTSE 100 index of top companies eased 0.05 per cent to stand at 6,622.20 points in midday deals.
Frankfurt's DAX 30 firmed 0.11 per cent to 8,704.08 points and the CAC 40 in Paris rose 0.06 per cent to 4,208.19.
Global stock markets had rallied on Thursday, with the DAX hitting a record intra-day peak, as traders welcomed the US Federal Reserve's surprise decision to keep its stimulus programme intact.
Back in Britain, sentiment was cheered by a strong stock market debut for Britain's London-focused estate agency Foxtons. AFP