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

<p>On the day:</p><ul><li>Stoxx 600 -0.7%</li><li>German DAX -1.1%</li><li>Francis CAC -0.9%</li><li>UK's FTSE 100 -0.9%</li><li>Spain's IBEX -1.3%</li><li>Italy's FTSE MIB -0.8%</li></ul><p>Italy further watered down its bank windfall tax but that didn't offer much support today as rising yields dominated.</p>

This article was written by Adam Button at www.forexlive.com.