European equities steady at open
[LONDON] Europe's main stock markets opened sharply lower on Tuesday, after another heavy sell-off in Asia that was sparked by a fresh plunge in oil prices.
London's benchmark FTSE 100 index fell almost 0.9 per cent to 6,111.49 points compared with Monday's close.
In the eurozone, Frankfurt's DAX 30 index sank 1.8 per cent to 9,647.81 points and the Paris CAC 40 shed 1.4 per cent to 4,283.14, as both indices were also hit by weak economic data.
Energy firms led losses in Asia as oil prices extended their recent losses, while most stock markets tumbled again and analysts questioned whether a recent rally may have run its course.
Investors were handed a negative lead from Wall Street, where the plunge in crude also hammered the energy sector and all but wiped out Friday's jobs-fuelled gains.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Bitcoin 'halving' has taken place: CoinGecko
Wall Street bonus rules return to regulatory agenda in third try
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade