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Markets

European stock markets fall at open

Published February 28, 2018 Updated February 28, 2018 08:28am

LONDON: Europe's main stock markets fell at the open on Wednesday, dented by fresh losses overnight on Wall Street and earlier in Asia.

Investor sentiment was also weighed down by faltering Chinese factory activity, which slowed to a 19-month low in February.

In initial deals, London's benchmark FTSE 100 index of top blue-chip companies dropped 0.5 percent to 7,247.52 points, compared with the closing level on Tuesday.

In the eurozone, Frankfurt's DAX 30 also lost 0.5 percent to 12,427.46 points and the Paris CAC 40 shed 0.4 percent to 5,321.50.

Asian equities sank Wednesday as an upbeat assessment of the US economy by new Federal Reserve boss Jerome Powell fanned fresh fears of a sharp rise in interest rates. In his closely watch.

Copyright AFP (Agence France-Press), 2018

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