Europe: Stock markets hit by carmakers at open
[LONDON] Eurozone stock markets steadied at the start of trading Thursday, struggling to drive higher as share prices of carmakers slumped on the collapse of Fiat Chrysler's proposed merger with Renault.
Frankfurt's DAX 30 index edged up 0.1 per cent to 11,987.92 points and the Paris CAC 40 was fractionally higher at 5,293.72.
Outside the eurozone, London's benchmark FTSE 100 index climbed 0.3 per cent to 7,238.80 points compared with Wednesday's close.
French carmaker Renault's share price slumped 7.1 per cent to 52.21 euros in Paris and Italian-American peer Fiat shed 3.2 per cent to 11.3 euros on the Milan stock market at the open, before recovering slightly in early trading.
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
Asia: Markets build on Wall Street rally, yen holds bounce
Singapore shares open in the red on Tuesday; STI down 0.3%
Stocks to watch: Wilmar, MLT, FEHT, CDLHT, Starhill Global Reit, IReit Global
Europe: Stocks eke out gains after German inflation data; Deutsche Bank drops
US: Stocks end higher, extending rally
Yen surges against US dollar on suspected intervention