Europe: Stock markets diverge at open
[LONDON] Europe's stock markets diverged in opening trade on Wednesday, despite fresh gains in Asia and another record-breaking performance overnight on Wall Street.
In early morning deals, London's benchmark FTSE 100 index fell 0.1 per cent to 7,418.5 points, having opened a shade higher at the outset.
In the eurozone, the Paris CAC 40 retreated almost 0.3 per cent to 5,114.40 points compared with the closing level on Tuesday.
On the upside, Frankfurt's DAX 30 was almost 0.1 per cent higher at 12,262 points.
A fifth consecutive record close on Wall Street helped fuel further gains for Asian stocks on Wednesday, with bullish sentiment boosted by strong results from Apple and benign world economic data.
Traders took heart from the iPhone maker's stronger-than-expected results for the past quarter as well as accelerating eurozone growth and upbeat Chinese manufacturing figures.
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
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data
Hong Kong spot crypto ETFs to start trading next week
Greenback recovers from PMI slump, yen closes in on 155 per dollar
Hong Kong Stock Exchange bids farewell to first woman chair
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%