October 02, 2007	Tuesday	Ramazan 19, 1428

LONDON, Oct 1: Europe’s main stock markets mostly fell on Monday as the European banking sector was dragged lower by a profit warning from Swiss giant UBS.

Frankfurt’s DAX 30 of leading shares dropped 0.13 per cent to 7,851.21 points near the half-way stage and in Paris the CAC 40 lost 0.16 per cent to 5,706.76.

But in London the FTSE 100 added 0.07 per cent to 6,471.60 points, while the Euro Stoxx 50 index of leading eurozonme shares was down 0.52 per cent to 4,358.72.

The euro stood at $1.4245 after earlier striking a new record high of $1.4283.

In Europe, Swiss banking giant UBS warned Monday that the crisis in the US subprime market had cost it around 4.0 billion Swiss francs (3.4 billion dollars, 2.4 billion euros) and announced a major management shakeup and plans to cut 1,500 jobs.

UBS warned that the asset write-downs would likely result in a third-quarter pre-tax loss of between 600 and 800 million Swiss francs.—AFP