Business News

European stock markets fall at open

LONDON, (APP/AFP) – Europe’s main stock markets fell at
the start of trading on Tuesday, mirroring a pull-back in Asia following a global rally that kicked off the week.
London’s FTSE 100 benchmark index dropped 0.6 percent to 6,000.3
points.
In the eurozone, Frankfurt’s DAX 30 index slid 0.7 percent to
9,503.1 points and the Paris CAC 40 shed 0.6 percent to 4,272.2 compared with Monday’s close.
World stocks had surged on Monday behind strengthening oil prices,
even as worries of a potential British exit from the European Union reverberated through the foreign exchange market, sinking the pound.
On Tuesday, Asia’s share rally stalled with markets battling a fresh
fall in the price of oil and fears for the Chinese economy.