Europe Roundup: Markets steady
LONDON: European stock markets steadied yesterday as traders reacted to a drop in eurozone industrial production and awaited a key meeting on Syria.
London's FTSE 100 lost 0.08 per cent to 6,593.46 points in midday deals. Frankfurt's DAX 30 rose 0.05 per cent to 8,499.77 and Paris' CAC 40 fell 0.23 per cent to 4,109.62. Milan's MIB lost 0.14 per cent to 17,537.46 points.
"The only noteworthy release... was the eurozone industrial production figure that showed activity falling 2.1 per cent in July, well below expectations of minus 0.1 per cent," said Craig Erlam, market analyst at Alpari traders.
"The recent recovery in the eurozone meant people paid little attention to this release as it's probably just a one-off. If we continue to see more poor data out of the region, people will start to sit up and take notice more," he added. AFP