Markets

European stock markets extend losses at open

Published February 2, 2016 Updated February 2, 2016 08:55am

LONDON: Europe's main stock markets fell further at the start of trading on Tuesday, with sentiment dogged by weaker oil prices and global economic fears centred on China.

London's FTSE 100 benchmark index of top blue-chip companies slid about 0.4 percent to 6,037.28 points compared with Monday's close.

In the eurozone, Frankfurt's DAX 30 index shed nearly 0.4 percent to 9,721.2 points and the Paris CAC 40 declined 0.53 percent to 4,368.9.

The region's markets had also fallen on Monday after another raft of poor Chinese data and a drop in crude oil prices.

Disappointing factory data from China to the United States also added to the selling pressure on Tuesday.

The euphoria fuelled by Japan's shock decision Friday to adopt a negative interest rate -- effectively charging lenders to park cash with the central bank -- soon gave way to the same fears that hammered global markets in January: China and low oil prices.

Copyright AFP (Agence France-Presse), 2016