European stocks drop at open

European stock markets have responded to a mixed session in Asia by dropping at the start of trading.

Europe's main stock markets fell at the start of trading after a mixed session earlier in Asia.

London's benchmark FTSE 100 index dipped 0.15 per cent on Tuesday to stand at 6,855.22 points compared with Monday's closing value.

Frankfurt's DAX 30 shed 0.33 per cent to 9,676.56 points and in Paris the CAC 40 declined 0.30 per cent to 4,405.93.

Asian markets were mixed on Tuesday following a strong lead from Wall Street as investors await the release of key US data later in the week.

Tokyo's Nikkei-225 index jumped 1.44 per cent to finish at 15,051.60 points.

With few catalysts to drive business, attention has turned to the US economic figures including gross domestic product growth on Friday. This week will also see the release of February consumer confidence, durable goods orders and initial jobless claims.

The results will be closely watched as they will give the clearest snapshot of economic health this year, with previous releases skewed by severe winter weather at the end of last year and the start of this one.


1 min read

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Source: AAP


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