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Europe: Stocks climb at open

European shares opened slightly lower on Tuesday, after a weak trading session in Asia and relatively thin mid-August trading volumes offset a fairly buoyant set of corporate earnings updates.

[LONDON] Europe's main stock markets rose slightly at the start of trading on Tuesday after heavy losses the previous day.

Frankfurt's DAX 30 gained 0.36 per cent to 10,930.02 points compared with Monday's close.

The CAC 40 in Paris edged up 0.02 per cent to 4,712.63 points and London's FTSE 100 index rose 0.10 per cent to 6,542.57.

Indices had slumped on Monday, with Paris shedding 2.0 per cent in value, after Greece rejected creditors' austerity demands in a weekend referendum and fears rose that it would crash out of the eurozone.

On Tuesday, eurozone leaders are to hold an emergency summit to discuss the fallout of the vote that saw Greeks decisively rejected austerity reforms demanded by Athens' creditors in return for bailout funds.

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Late on Monday, the leaders of Germany and France, the eurozone's biggest economies, presented a united front, calling on Greek Prime Minister Alexis Tsipras to make "precise" proposals in order to revive bailout talks.

Britain is not part of the eurozone but counts the single currency bloc as its main trading partner.


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