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European stocks subdued at open after closures

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(Globalpost/GlobalPost)

Europe's main stock markets diverged at the start of trading on Friday, following a holiday closure the previous day across most of the region.

In opening trade, London's benchmark FTSE 100 index of top companies dropped 0.11 percent to 6,801.15 points compared with Thursday's closing level.

Frankfurt's DAX 30 rose 0.09 percent to 9,611.79 points but in Paris the CAC 40 fell 0.31 percent to 4,473.57 compared with the closing levels on Wednesday.

The London market had rallied to two-month highs on Thursday on upbeat British company results, while Europe's other main indices were shut for a holiday.

Asia's markets were mixed Friday as dealers returned from the May Day break to healthy manufacturing data from the United States and China as well as an upbeat assessment of the US economy.

Traders were keeping an eye on the release of jobs figures out of Washington later in the day.

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http://www.globalpost.com/dispatch/news/afp/140502/european-stocks-subdued-at-open-after-closures