You are here

Europe: Stocks decline at open

32544257 - 28_08_2014 - forex29.jpg

[LONDON] Europe's main stock markets sagged in opening deals on Thursday, with London's benchmark FTSE 100 index losing 0.4 per cent to 7,262.47 points.

In the eurozone, the Paris CAC 40 index shed 0.2 per cent to 5,276.97 and Frankfurt's DAX 30 dipped 0.3 per cent to 12,440.01 points compared with Wednesday's close.

The region's markets had posted small gains Wednesday following early indications of US President Donald Trump's fiscal reform plan.

Asian equities took a step back Thursday after a four-day rally, tracking a weak lead from Wall Street, as traders assessed the chances of Congress passing Trump's massive tax cuts.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to