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Markets

European stocks drop at open

Published May 17, 2017 Updated May 17, 2017 08:20am

LONDON: European stock markets opened lower in thin trading Wednesday due to political uncertainty in the United States, traders said.

London's benchmark FTSE 100 index fell 0.3 percent from its record closing level on Tuesday to open at 7,499.84 points.

In the eurozone, Frankfurt's DAX  slid 0.8 percent to 12,700.12 points and the Paris CAC 40 lost 0.6 percent to 5,375.4.

The French index was dragged down by video game publisher Ubisoft, whose shares slumped six percent after the group announced worse-than-expected losses.

Copyright AFP (Agence France-Press), 2017

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