Connect to share and comment

European stocks fall at open; London down 0.48%

PlacardEnlarge
(Globalpost/GlobalPost)

Europe's main stock markets sank at the start of trading on Wednesday, with London's benchmark FTSE 100 index losing 0.48 percent at 6,273.86 points.

Frankfurt's DAX 30 shed 0.88 percent to 7,841.18 points and in Paris the CAC 40 sank 0.90 percent to 3,708.91 points compared with Tuesday's closing levels.

Asian equity markets also slid, hit by downbeat Chinese economic data and after losses on Wall Street.

"European futures are in the red across the board on Wednesday, following in the footstep of their Asian counterparts over night, which fell on concerns about Chinese growth," said analyst Craig Erlam at trading firm Alpari.

burs-rfj/hmn

http://www.globalpost.com/dispatch/news/afp/130703/european-stocks-fall-at-open-london-down-048