European shares fall after G20 outcome
(02-18 19:41)
Europe's main stock markets mostly fell on Monday after a weekend meeting of the Group of 20 leading economies ended without Japan being accused of setting out to devalue its currency.
In late morning trading, London's FTSE 100 index of top companies fell 0.14 percent to stand at 6,319.31 points, Frankfurt's DAX edged up 0.06 percent to 7,597.97 points and in Paris the CAC 40 lost 0.30 percent to 3,649.54, AFP reports.
"As suspected the weekend G20 statement on currencies proved to be every bit as bland as markets expected it might be,'' said Michael Hewson, senior analyst at trading group CMC Markets.
"The statement urged countries to refrain from competitive devaluations, and instead focus on measures to boost growth and price stability.''
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