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Europe: Stocks hesitant at open

Monday, July 18, 2016 - 15:34
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[LONDON] Europe's main stock markets opened little changed Monday, with investors shrugging off the failed coup attempt in Turkey at the weekend.

London's benchmark FTSE 100 index dipped 0.2 per cent from Friday's close to 6,657.32 points.

In the eurozone, Frankfurt's DAX 30 added 0.1 per cent to 10,079.03 points and the Paris CAC 40 edged up 0.6 per cent to 4,375.09.

Markets appear to have been reassured by the failure of the military coup in Turkey at the weekend and the reimposition of order under President Recep Tayyip Erdogan.

But "this happening so soon after the tragic events in Nice last week simply adds to plentiful pre-existing geopolitical tension," noted analysts Mike van Dulken and Augustin Eden at Accendo Markets.

A 31-year-old Tunisian man rammed a 19-tonne truck into a crowd leaving a fireworks display in the French seaside city of Nice on Thursday night, killing 84 people and injuring about 300.

AFP