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European stocks lose some of morning gains by midday

Latest update : 2008-10-17

UK and German exchanges lost the promising gains they showed Friday morning, with the DAX and FTSE falling into negative ground, while the CAC has so far limited the damage in Paris.

Watch our Top Story: 'Have markets gone mad?'

 

Business editor Douglas Herbert looks at the fate of Russia's oligarchs in the financial crisis.


 
Frankfurt's DAX 30 index fell back into negative territory in midday trading on Friday, after initially posting strong gains at the opening.
   
The German blue-chip index was down by O.29 percent at 4,609.19 points just before noon (1000 GMT) after gaining 2.92 percent in early trading.

The French CAC index held its ground, remaining at close to a 3% gain over Thursday's disastrous close.

The FTSE index in London had dropped by close to -2%.

Date created : 2008-10-17

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