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Companies & Markets

Europe: Stock markets drop at open

Published Thu, Nov 12, 2015 · 08:50 AM
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[LONDON] Europe's main stock markets sank at the start of trading on Thursday, dented by gloomy earnings news from British engine maker Rolls-Royce and German energy giant RWE.

London's benchmark FTSE 100 index fell 0.19 per cent to stand at 6,284.99 points compared with Wednesday's close, with Rolls-Royce shares slumping by about a fifth in value after another grim profits warning.

In the eurozone, Frankfurt's DAX 30 index dipped 0.11 per cent to 10,844.38 points, hurt by news of falling nine-month profits at RWE.

The Paris CAC 40 meanwhile shed 0.23 per cent to stand at 4,941.26 points.

AFP

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