NEW YORK (CNNMoney) -- European markets were mixed at the Thursday close following the German parliament's approval of an expansion of the euro zone's bailout fund.
London's FTSE 100 () was lower by 0.4%, while the DAX ( ) in Frankfurt and the CAC 40 ( ) in Paris rose about 1% after the Bundestag approved the expansion.
"The German parliament's approval of expanded EFSF powers was largely expected by these markets, although the fact that this approval did not rely on the votes of the opposition parties is surely positive," said Martin Harvey, analyst for Threadneedle in London, referring to the parliament members who oppose Chancellor Angela Merkel.
"The debate has advanced in recent days towards how to maximize the impact of these expanded powers, with little detail thus far," he said.
The issue is controversial, because the bailout funding will be used to help Greece avoid default. A default could destabilize the European economy and spread fiscal disruption to Wall Street.
But many Germans and members of other northern European nations resent their role of supporting their weaker neighbors, the so-called PIIGS: Portugal, Italy, Ireland, Greece and Spain.
Also, many economists believe the fund, even if it's successfully expanded by the 17 member nations, isn't big enough to ward off a Greek default or to pull Europe out of economic malaise.
|What we want Apple to unveil at WWDC|
|Millennials squeezed out of buying a home|
|7 traits the rich have in common|
|Big Data knows you're sick, tired and depressed|
|Your car is a giant computer - and it can be hacked|
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||3.93%||3.86%|
|15 yr fixed||2.99%||3.02%|
|30 yr refi||3.98%||3.92%|
|15 yr refi||3.05%||3.06%|
Today's featured rates: