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Europe: Stock markets diverge at open

Wednesday, August 2, 2017 - 15:46

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[LONDON] Europe's stock markets diverged in opening trade on Wednesday, despite fresh gains in Asia and another record-breaking performance overnight on Wall Street.

In early morning deals, London's benchmark FTSE 100 index fell 0.1 per cent to 7,418.5 points, having opened a shade higher at the outset.

In the eurozone, the Paris CAC 40 retreated almost 0.3 per cent to 5,114.40 points compared with the closing level on Tuesday.

On the upside, Frankfurt's DAX 30 was almost 0.1 per cent higher at 12,262 points.

A fifth consecutive record close on Wall Street helped fuel further gains for Asian stocks on Wednesday, with bullish sentiment boosted by strong results from Apple and benign world economic data.

Traders took heart from the iPhone maker's stronger-than-expected results for the past quarter as well as accelerating eurozone growth and upbeat Chinese manufacturing figures.

AFP

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