Europe: Stocks drop as London hit by Brexit delay speculation
[LONDON] European stocks fell in initial trade on Tuesday, with London down as the pound rallied on speculation over a possible Brexit delay, dealers said.
In opening deals, London's benchmark FTSE 100 index of major blue-chip companies sank 0.7 per cent to 7,132.56 points, compared with the closing level on Monday.
The stronger pound weighs on London-listed multinationals whose earnings abroad are converted back into sterling.
In the eurozone, Frankfurt's DAX 30 index dipped 0.5 per cent at the open to 11,446.29 points and the Paris CAC 40 slid 0.4 per cent to 5,212.86.
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
US dollar holds steady as investors wait for Fed guidance
US stock settlement switch faces early resilience test
STI ends Monday almost flat as market faces reality check
Japan’s inexperienced investors fall for scams ‘like babies’
Asia: Markets rise as traders cheered by China property plan
Singapore shares open almost flat on Monday; STI down 0.04%