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Europe: Stocks drop at open

Wednesday, May 17, 2017 - 16:04

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[LONDON] European stock markets opened lower in thin trading Wednesday due to political uncertainty in the United States, traders said.

London's benchmark FTSE 100 index fell 0.3 per cent from its record closing level on Tuesday to open at 7,499.84 points.

In the eurozone, Frankfurt's DAX slid 0.8 per cent to 12,700.12 points and the Paris CAC 40 lost 0.6 per cent to 5,375.4. The French index was dragged down by video game publisher Ubisoft, whose shares slumped six per cent after the group announced worse-than-expected losses.

AFP

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