Markets

European stock markets drop at open

Published April 11, 2016 Updated April 11, 2016 07:40am

LONDON: Europe's main stock markets fell at the start of trading on Monday following losses across most of Asia.

London's benchmark FTSE 100 index dropped 0.3 percent to 6,186.95 points compared with Friday's close.

In the eurozone, Frankfurt's DAX 30 index lost 0.3 percent to 9,595.56 points and the Paris CAC 40 shed 0.2 percent to 4,294.12.

Japan's Nikkei led most Asian stock markets lower Monday as the yen resumed its march against the dollar.

But Chinese markets rallied after data showed inflation in China held above two percent for a second-straight month in the world's second biggest economy.

Global stock markets had mostly risen on Friday, helped by higher oil prices.

Copyright AFP (Agence France-Presse), 2016