European equity close: Well off the lows but still a bruising start to the week | Forexlive

On the day:

• Stoxx 600 -0.7%
• German DAX -1.1%
• Francis CAC -0.9%
• UK’s FTSE 100 -0.9%
• Spain’s IBEX -1.3%
• Italy’s FTSE MIB -0.8%

Italy further watered down its bank windfall tax but that didn’t offer much support today as rising yields dominated.