European stocks decline amid UAE debt concerns

LONDON: European stock markets fell again yesterday amid concerns about Dubai's debt problems, even though the United Arab Emirates' central bank pledged to make extra funding available to all banks in the country, including foreign institutions with local branches.

In Europe, the FTSE 100 index of leading British shares was down 40.95 points, or 0.8 percent, at 5,204.78 while Germany's DAX fell 55.15 points, or 1 percent, to 5,630.46. The CAC-40 in France was 51.02 points, or 1.4 percent, lower at 3,670.43.

Earlier, Asian markets rebounded by around 3 percent after tumbling heavily on Friday, when European and US stock markets had regained their poise.