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Europe: Stock markets fall at open

Tuesday, February 23, 2016 - 16:34

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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] 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 per cent to 6,000.3 points.

In the eurozone, Frankfurt's DAX 30 index slid 0.7 per cent to 9,503.1 points and the Paris CAC 40 shed 0.6 per cent 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.

AFP

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