Europe: Markets mixed at open
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EUROPE’S main stock markets struck a mixed note in opening deals on Wednesday (Aug 31).
London’s benchmark FTSE 100 index fell 0.1 per cent to 7,357.89 points, compared with the closing level on Tuesday.
In the eurozone, Frankfurt’s DAX index rose 0.4 per cent to 13,008.56 points and the Paris CAC 40 gained 0.2 per cent to 6,224.39.
Asian equities resumed their downward trend on Wednesday, with traders fearing the US Federal Reserve’s determination to beat inflation with higher interest rates will tip the world’s top economy into recession.
“Market malaise rumbled on as investors grappled with the likelihood of higher interest rates for longer than had been hoped,” said Richard Hunter, head of markets at Interactive Investor. AFP
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