LONDON: European stocks were flat this week as uncertainty in Cyprus and deadlock in Italy overshadowed better US and German economic data.
The Stoxx Europe 600 Index fell 0.1 per cent in a four-day week before the Easter holiday, after declining the most in four months the previous week.
“The markets are in far better shape, despite a political fiasco in Italy and this extraordinary situation in Cyprus,” said Stephen Isaacs, a strategist at Alvine Capital Management Ltd.
The UK’s FTSE 100 rose 0.3 per cent while France’s CAC 40 and Germany’s DAX slipped one per cent and 1.5 percent, respectively.
Meanwhile, Italy’s FTSE MIB Index dropped 4.4 per cent, while Greece’s ASE Index lost 6.6 per cent. Bloomberg