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Europe: Stock markets log more losses at open

Friday, November 4, 2016 - 16:53

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[LONDON] European stocks posted fresh losses at the start of trade on Friday, with sentiment jarred once more by uncertainty over next week's US presidential election.

In initial deals, London's benchmark FTSE 100 index dipped 0.7 per cent at 6,741.40 points.

In the eurozone, Frankfurt's DAX 30 lost 0.4 per cent to 10,281.87 points and the Paris CAC 40 index shed 0.2 per cent to 4,403.16 compared with Thursday's close.

The next big event before the election is the release later Friday of US jobs data, which could cement expectations for a Federal Reserve interest rate hike next month.

Trading floors around the world have been plunged into turmoil this week as market favourite Hillary Clinton's lead over maverick rival Donald Trump has been slashed days before the November 8 election.

AFP

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