LONDON — World stock markets were mixed today as broader concerns about a global slowdown dampened relief over the U.S. Senate's passage of the $700 billion bank rescue package.

Britain's FTSE 100 climbed 1.07 percent to 5,012.78, Germany's DAX fell 0.01 percent to 5,805.97 and France's CAC 40 added 0.29 percent to 4,066.34 in afternoon trading in Europe.

In Asia, Japan's Nikkei 225 average fell 1.9 percent to 11,154.76 and benchmarks in Australia, South Korea and Taiwan also dropped.

"The markets are reluctant to take as a completely done deal that (the bailout plan) will go through but there is a growing feeling that it will because it was decisively approved by the U.S. Senate," said Andrew Bell, head of research at Rensburg Sheppards, an investment management company in Britain.

"Global banks are injecting lots of liquidity which is oiling the creaking engine, and there is an optimistic view that central banks are willing to cut rates in the coming weeks," he said. But there has been a "big loss of economic momentum in the last few months," he added.

Swiss bank UBS cheered investors by announcing it expects "a small profit" in the third quarter, raising hopes that a dismal year of U.S. subprime related losses — to the tune of some 45 billion Swiss francs ($40 billion) — may soon be over.

Switzerland's largest bank also said it has further reduced its exposure to the subprime-related investments that caused it to make massive writedowns, starting a year ago.

Shares in UBS, which is one of the European banks hardest hit by the U.S. property market meltdown, rose by 10.46 percent in Zurich trading.

The European Central Bank left its interest rate unchanged at 4.25 percent for the 15-nation euro zone as inflation fears outweighed worries about the meltdown.

Also today, France announced it will host a European financial summit Saturday in Paris with Germany, Britain and Italy, and European central banks made yet more dollars available to money markets, offering up another $60 billion in overnight funds to keep the financial system flush with cash.