European Markets Hang On Even As Investors realise Shortcomings Of EU Summit

SEALs hanging

Photo: ussocom_ru via Flickr

European markets hung on to end flat on the day.DAX: +0.13%

CAC 40: -0.59%

FTSE 100: -0.20%

After falling yesterday, yields on Italian and German bonds rose again.  Italy’s disappointing bond auction today led to a midday selloff in stocks.

French banks still marked gains, however, although not as spectacular as those they saw yesterday:

SocGen: +2.11%

Credit Agricole: +3.37%

BNP Paribas: +4.37%

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.