EUROPEAN stock markets have steadied, with dealers digesting the previous day's huge gains after US lawmakers agreed a deal to avert the so-called fiscal cliff.
In opening Thursday trade, London's FTSE 100 index of top companies edged 0.01 per cent higher to 6,028.22 points, while Frankfurt's DAX 30 index dropped 0.21 per cent to 7,762.13 points and the Paris CAC 40 shed 0.21 per cent to 3,725.92.
Global stocks began 2013 with a bang on Wednesday after Washington sealed a last-minute deal to avoid the "fiscal cliff" of huge tax rises and spending cuts which would have pushed the United States back into recession, economists said.
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