Markets

European stocks weaken at open

Published July 14, 2015 Updated July 14, 2015 08:30am

1 min

By Parvez Jabri

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LONDON: Europe's stock markets slid at the start of trade on Tuesday, with London's benchmark FTSE 100 index down 0.12 percent to 6,730.13 points.

Elsewhere, Frankfurt's DAX 30 shed 0.24 percent to 11,456.54 and the CAC 40 in Paris slipped 0.05 percent to 4,995.36 points compared with Monday's close.

European equities had surged Monday on news of a long-awaited Greek bailout agreement, but the euro ran out of steam as traders saw calm on the continent boosting chances of a US interest rate hike.

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